NEW YORK CITY—The developer's interests prevailed in a lawsuit seeking to block the sale of air rights over a famed asset on West 57th street current owned by the Art Students League of New York.

SILVER SPRING, MD—The National Labor College campus here has been sold to the Amalgamated Transit Union for $31.4 million.

WASHINGTON, DC— The Wilkes Co. and Quadrangle Development Corp. have for the past eight years looked to build a residential building at 801 Third St. NW. Their development project took a major step forward with the purchase of two land parcels from the District of Columbia.

JACKSONVILLE, FL—Residential real estate executive Matt Wilcox has joined JLL's Capital Markets operations based here as a managing director.

NASHVILLE, TN—Despite leasing “vigor” in the second quarter, analysts at MLV & Co. Inc. maintain a “hold” position on Education Realty Trust, Inc. due to its slight miss on quarterly revenue estimates.

ATLANTIC CITY, NJ—With a closing date scheduled for Aug. 31, Atlantic City Mayor Don Guardian says that he and Caesars executives met last week with a group that may purchase the Showboat Atlantic City.

PHILADELPHIA—Santa Monica, CA-based Macerich Co. has reached an agreement with Pennsylvania Real Estate Investment Trust to pay $106.8 million for a 50% common ownership interest in The Gallery retail property here.

BOSTON—Second quarter 2014 Funds from Operations posted by Boston Properties totaled $207 million or $1.35 per share. The results beat first quarter FFO of $195.4 million or $1.28 per share.