NEW YORK CITY—Fueled by price spikes in Brooklyn, Manhattan and Queens, the average sales price of a home in New York City in the third quarter of this year rose 13% from $806,000 in the third quarter of 2013 to $910,000.

FRANKLIN, MA—Boston International, an importer and distributor of paper products, giftware, and decorative accessories, has signed a lease for 110,000 square feet of industrial space at 210 Grove St. here.

MIAMI, FL—Real estate veteran Randy Olen, who until recently served as executive vice president of Colliers International South Florida, has joined CNL Commercial Real Estate here as a principal.

GREENVILLE, SC—Irvine, CA-based Passco Companies, LLC has added the Vinings at Laurel Creek to its multifamily portfolio.

ARLINGTON, VA—Vornado Realty Trust has paid a little more than $15 million to Arlington County for the development rights from county-owned property for its ambitious mixed-use PenPlace development here.

WASHINGTON, DC—Building owner The 601 W. Cos. is planning to began an extensive renovation to the former Intelsat S.A. headquarters building at 4000 Connecticut Ave. NW here later this year.

MALVERN, PA—Dallas, TX-based Trammell Crow Co. has sold approximately 150 acres of land at its Atwater Corporate Center here for $35.5 million.

MIAMI—GE Capital Franchise Finance reports it seeded Noble Investment with a $18.5-million term loan used to acquire the SpringHill Suites Miami Airport South hotel here.