ORLANDO-Earlier this month, a joint venture between The Urban Development Group LLC and The Related Group started a renovation project on the old Seville Place Apartments in Pine Hills.

LONDON-Tishman Speyer has purchased Eland House, a 253,000-square-foot property in London, from Land Securities for GBP 171.1 million.

COLOGNE, GERMANY-An AXA insurance company has leased an office space measuring approximately 64,583 square feet in Borsenplatz 1 to audit and advisory firm Ernst & Young.

CARPENTERSVILLE, IL-A University Park, Florida-based investor has purchased a bank-owned warehouse situated in northwest suburban Carpentersville for an amount of $2.65 million.

WASHINGTON, DC-Washington City Paper has reported that Save-A-Lot has leased 12,000 square feet of space on Rhode Island Avenue NE.

CHICAGO-Younan Properties Inc. has hired Cushman & Wakefield Inc. to handle leasing for a five-property office portfolio it owns in the Chicago suburbs.

AUSTIN, TX-Houston-based Braun Enterprises has acquired Centennial Towers, an office building comprising 156,293 square feet of space at 505 E. Huntland Dr. in North Austin.

BOSTON-Marriott Hotels & Resorts has completed renovation of the 412-room Boston Marriott Long Wharf hotel.