PHILADELPHIA, PA—Presidential City, one of the largest multifamily complexes in the Philadelphia area, is getting a $210 million makeover that will transform more than 1,000 apartment units in buildings named for colonial era presidents into luxury living spaces with upscale amenities.

NEW YORK CITY—The hotel REIT has picked up the first 10 of 26 hotels it is under contract to buy from Summit Hotel Properties.

BOSTON—Officials with LEGO Education North America have confirmed previous reports that the company will relocate its headquarters from Kansas to Boylston St. in the city's Back Bay.