TYSONS CORNER, VA—After acquiring the development site earlier this month, Charleston, SC-based Greystar intends to begin construction soon on a 400-unit multifamily high-rise here.

CAMBRIDGE, MA—King Street Properties has secured $89 million in acquisition and repositioning financing in connection with its purchase of two former Pfizer laboratory buildings near the Alewife MBTA Station.

CORAL SPRINGS, FL—The nearly fully occupied BB&T Bank building at 9600 West Sample Road has been sold for $4.275 million to a Montreal-based private investor.

MELBOURNE, FL—Faris Lee Investments of Irvine, CA reports it has completed the $10-million pre-sale of a new construction 46,000-square-foot retail building here. The property is now fully occupied by retailers TJ Maxx and HomeGoods.

PHILADELPHIA—After a strong first quarter, hoteliers in the Philadelphia region are seeing drops in occupancy rates and room rents, due in large part to the lack of convention business in the city.

LYNDHURST, NJ—Russo Development of Carlstadt, NJ has secured $51.5 million in financing for its recently completed 296-unit Vermella at Lyndhurst multifamily development here.

BETHESDA, MD—Locally-based development firm EYA is proposing to build a 168-unit townhome development in the middle of a major commercial park that features the corporate headquarters of Marriott International and Lockheed Martin.

WASHINGTON, DC—As tenant The Advisory Board Co. explores its space options, Washington Real Estate Investment Trust is formulating plans to convince the company there is no place like home.