ATLANTA—“Retail is experiencing a dramatic transition. I see this as a challenge and inspiration to create and implement strategies that will lead the market change.”

CHICAGO, IOWA CITY, IA—University towns tend to have dated hospitality product, and CA Ventures plans to build a 575K mixed-use project in Iowa City, including a new Hyatt.

NEWPORT NEWS, VA—The original developers of City Center at Oyster Point have just sold their ownership in the project for $69 million.

BOSTON—Other members of the consortium that acquired the 90-year-old 273-key hotel include: Eastern Real Estate, Rockpoint Group, Lubert-Adler and Highgate.