CHARLOTTE, NC—Lowe Enterprises Investors reports it has purchased the Aloft Charlotte Uptown @ the EpiCentre on behalf of an unnamed investment client.

SARASOTA, FL—Construction has begun on the 255-room Westin Sarasota hotel here, part of a two-tower development in the city's arts district that will also include 141 residential condominium units.

WASHINGTON, DC—The House Transportation and Infrastructure Committee passed federal government real estate prospectuses for 2015 that include a number of large space requirements.

SECAUCUS, NJ—Growing luxury online consignment company The RealReal is downsizing its offices in Manhattan, but has opened a new warehouse facility in Secaucus.

BUFFALO, NY—State officials announced on Thursday that nearly $7 million in state financing has been earmarked for the purchase and master planning of 50 acres of vacant or underutilized land on the city's east side that will be converted into a manufacturing/energy-related business park.

WINTER GARDEN, FL—iStorage has secured a $50-million credit facility to recapitalize its debt. The new credit facility for the locally-based firm was announced by The BSC Group, which assisted in the financing deal provided by an unnamed national bank.

NEW YORK CITY—Locally-based RCS Capital Corp. reports it has entered into an agreement to acquire a majority interest in Los Angeles-based Docupace Technologies, a firm that specializes in providing integrated, electronic processing technologies and systems for financial institutions and wealth management firms.

WASHINGTON, DC— A partnership of CityPartners LLC and Sanford Capital LLC has submitted revised plans for its 446,000-square-foot mixed-use project to be built atop the Congress Heights Metro.