Construction kicked off today.

One of New Jersey’s largest nonprofit community organizations has a place to call home.

The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.

Three years ago, the entire industry would have scoffed at the idea of acquiring the leasehold interest in a premier 1 million-square-foot Philadelphia office building for a measly $129 million, but Brandywine Realty Trust has succeeded in doing just that.

Now that Akridge and Rockwood have taken the property off the hands of the U.S. General Services Administration, the federal government’s real estate division, the team plans to submit the building to a major upgrade in order to mold it into a Class A office facility.

Having reached an agreement with Paramus, N.J.-headquartered REIT Vornado Realty Trust and Los Angeles-based Geyser Holdings, MGM Resorts International has taken the next step in the planned disposition of assets at The Borgata Hotel Casino & Spa.

The federal government and government contractors like ASM Research Inc. continue to liven up the market in suburban Washington, D.C. The technology solutions provider has just signed a new lease for approximately 91,400 square feet of premier space at the 410,000-square-foot Centerpointe office complex in Fairfax, Va.

Both McLean, Va.-based JER and Annapolis, Md.-based Thayer are keeping mum on the price tag attached to the Fairview Park Marriott transaction, but Devin Chen, Managing Director at JER, told CPE that the company definitely turned a profit on the deal.

With the retirement of one of its founders, one of New Jersey’s largest privately held diversified real estate companies has decided to take on some changes.

Senate Square, a three-year-old 432-unit apartment complex in Washington, D.C., has changed hands for the third time in less than a year, going from the developer’s hands to the lender, from the lender to Westbrook Partners, which, after shelling out $124.5 million for the property, has just sold it to LaSalle Investment Management for just over $162.3 million.