GAINESVILLE, VA—"We liked the fundamentals enough to step in and become majority partner ourselves," Colin Dove tells GlobeSt.com's Erika Morphy.

NEW YORK CITY—During the annual residential owner/manager luncheon, held in Midtown this week, developers talked about 421-a, the affordable housing crisis and the expanding luxury market.

PHOENIX—CBRE has negotiated a 62,771-square-foot office lease at Black Canyon Commerce Park located at 2133 W. Peoria Ave. in Phoenix.

BOSTON—The Boston Redevelopment Authority approved plans for development projects totaling $75.3 million Thursday evening, including an ambitious venture to convert a former church on Shawmut Avenue into residential housing.