NEWARK, NJ—Rutgers University has announced plans to occupy a portion of the former Hahne & Company department store in downtown Newark to develop an arts and cultural center called “Express Newark.”

WASHINGTON, DC— The Gallaudet University Board of Trustees voted on Friday to have the university's real estate foundation enter into exclusive negotiations for a development agreement with Chevy Chase, MD-based The JBG Cos. for its ambitious mixed-use 6th Street NE project here.

ARLINGTON, VA—LCOR's plan to convert the former 'Paperclip Building' at 400 Army Navy Drive here from office to multifamily use is now before the Arlington Planning Commission.

ANDOVER, MA—W.P. Carey Inc. of New York City has acquired the Schneider Electric USA, Inc. corporate headquarters here for approximately $56 million.

TAMPA, FL—New York City-based privately held real estate investment firm Vesper Holdings has acquired The Pointe at South Florida student housing property here, bolstering its student housing portfolio to 14 apartment complexes and more than 8,000 student beds.

TAMPA, FL—The New York Life building here at 5517 West LaSalle St. here has been sold within just 30 days of being put on the market.

NEW YORK CITY—A new report on maturing commercial real estate loans states that New York State has by far the largest dollar amount of outstanding and maturing CMBS loans coming due in the Northeastern region of the United States in the next year.

CAMDEN, NJ— Campbell Soup Co. announced on Thursday that it selected Brandywine Realty Trust of Radnor, PA as the developer for the mixed-use Gateway District property here that many city and business officials hope will key the revitalization of this long-troubled city.