BOSTON—Starwood Hotels & Resorts Worldwide Inc. reports it has commenced construction on its dual branded hotel development—Aloft Boston Waterfront and Element Boston Waterfront—that will add 510 rooms to the market when it opens in 2016.

GALLOWAY, NJ—Officials with The Richard Stockton College held a groundbreaking ceremony on Thursday for its nearly $29-million project to expand its science and math facility.

PHILADELPHIA—Locally-based Independence Realty Trust Inc. reports it has acquired a 170-unit apartment community in Ridgeland, MS for $20.25 million.

POMPANO BEACH, FL—The 100% net-leased Fed-E Ground facility here has been acquired by TIAA-CREF of Charlotte, NC.

SANFORD, FL—The Boulevard Plaza shopping center here has been sold by The Sandefur Companies to Branch Properties for $12.2 million.

WASHINGTON, DC—JBG Cos. has reportedly sold its Louis at 14th mixed-use development here to TIAA-CREF for a purchase price between $170 million and $180 million.

WASHINGTON, DC—The Georgetown Day School has announced a significant expansion of its campus. The private school was expected to close on Thursday on the acquisition of the Tenleytown Safeway and Martens Volvo/Volkswagen car dealership across the street in a deal valued at about $40 million.

WOODBURY, NY—Noted outdoor retailer Cabela's Inc. has announced that it plans to open a 90,000-square-foot store here on a parcel less than a mile from Woodbury Common Premium Outlets here.