BALTIMORE—In what has been described as an amicable split, three principals of locally-based Chesapeake Real Estate Group LLC have left the firm to form a new company focused on urban redevelopment ventures.

WASHINGTON, DC—The Maples is already 70% presold at prices some $200 per square foot more than expected.

CHARLOTTESVILLE, VA—US REITs raised $1.08 billion through at-the-market programs in Q2, an 89% quarter-over-quarter increase, SNL Financial reports.

LONG BRANCH, NJ—The Kislak Company has arranged the sale of Fountain Gardens, a 46-unit multifamily property in Long Branch, Monmouth County, NJ, for $5.3 million. Kislak vice president Jeff Squires represented both parties in the transaction.