RALEIGH, NC-The Preiss Co., a student housing developer based in Raleigh, has begun construction on a 288-bed apartment development near N.C. State University's campus.

ATLANTA, GA-Realty firm Tishman Speyer's two loans are on the verge of default.

BOSTON-CresaPartners of Boston has negotiated a lease renewal deal in Boston on behalf of Murphy & King PC, the tenant.

NASHVILLE-Askew Hargraves Harcourt & Associates Inc., which is currently working on a new project in McKenzie, Tennessee, has opened its third office at 3200 West End Ave., Suite 505, Nashville.

PITTSBURGH-Downtown-based McKnight Realty Partners is expecting to settle the paperwork on a deal to take control over the possession of the Henry W. Oliver Building, a 471,000-square-foot office tower situated on Smithfield Street in Pittsburgh.

MIAMI-An affiliate of DDR Corp. based in Beachwood, Ohio, has offered a mezzanine loan worth $12.8 million to Miracle Marketplace, a shopping center located at 3301 Coral Way in Miami.

SCOTTSDALE, AZ-Irvine, California-based AT Security Service has leased 58,100 square feet of space at 8665 E. Hartford Drive in Perimeter Gateway V in Scottsdale for 10 years.

CHICAGO-A joint venture including Albert Friedman is preparing to construct a 657-room hotel development at Illinois and Clark streets.