WALTHAM, MA—Delaware Life will relocate its Massachusetts operations from Wellesley Hills to 37,000 square feet of space at Reservoir Place at 1601 Tarpelo Road here.

NEW YORK CITY—Thor Equities reports it has acquired an Upper East Side townhouse property that it believes is the proverbial “blank canvas” suitable for either commercial or residential use.

GAINESVILLE, FL—The 125-acre mixed-use Celebration Pointe development has received $46 million in financing that will facilitate the construction of a key bridge and other public infrastructure work at the development site here.

PALM BEACH, FL—The Sterling Organization reports the final closing of its second discretionary closed end real estate fund—Sterling Value Add Partners II, LP. The fund exceeded its fundraising target and raised commitments of $311 million.

WASHINGTON, DC—Los Angeles-based CBRE Global Investment Partners and the JBG Cos. of Chevy Chase, MD have formed a joint venture to acquire $500 million in office, retail and multifamily properties in the DC region.

WASHINGTON, DC—The DC Council in its last meeting of the year approved legislation that spells out the financing for the $300-million DC United soccer stadium.

HOBOKEN, NJ—The Hoboken City Council has approved by an 8-1 vote plans to redevelop the city's rail yards.

ALBANY, NY—In a surprise decision, the New York State Gaming Facility Location Board decided not to recommend any of the six gaming proposals in Orange County and instead awarded just one casino for the Catskill/Hudson Valley Region in Sullivan County at the Concord Hotel property in the Town of Thompson.