NEW YORK CITY—Madison Realty Capital reports it has acquired 421 West 21st St., a six-story multifamily elevator building in West Chelsea, for $21.75 million.

SECAUCUS, NJ—Hartz Mountain Industries has abandoned plans to build an apartment complex at a former carpet center here and Secaucus Mayor Michael Gonnelli blames the New Jersey Meadowlands Commission for the project's demise.

ATLANTIC CITY, NJ-Caesars Entertainment CEO Gary Loveman says that the firm's $125-million convention center under construction next to the Harrah's Resort Atlantic City shows the gaming company's faith in Atlantic City's future.

BETHESDA, MD—MRP Realty and the Rockpoint Group Inc., which paid approximately $205 million for the property about two years ago, has put what is now called Bethesda Crossing on the market for sale.

WASHINGTON, DC—The General Services Administration will be holding an event next month geared at advancing President Obama's “Capital Solar Challenge” and bringing solar power to some of the agency's DC-area portfolio.

WOODBURY, NY—--NorthStar Real Estate Income II, Inc. reports it originated a $144-million senior loan secured by a portfolio of 28 Long Island-based commercial office properties owned by RXR Realty, LLC.

TAMPA, FL—Real estate firm Franklin Street reports that it has hired Tom Kersting, formerly of Aon Risk Services of London, as president of insurance services.

LAKELAND, FL—Bethesda, MD-based Walked & Dunlop Inc. reports that it originated a $108-million Fannie Mae MHC loan for the Blair Group for its manufacturing housing community here.