BOSTON—The University of Massachusetts plans to begin construction in late 2016 on its first student housing project at its Boston campus in its history. The $120-million facility will be built under a public-private partnership.

NEW YORK CITY—A real estate veteran has joined the firm as SVP-eastern region.

BOSTON—Massachusetts Gov. Charlie Baker and Boston Mayor Martin Walsh were among the dignitaries on hand for Thursday's groundbreaking ceremonies for Related Beal's mixed-use affordable housing project at Parcel 1B in the Bullfinch Triangle section of the city.

NEW YORK CITY—The 311-unit asset now will be repositioned by the joint venture that acquired it.

NEW YORK CITY—The investment sales market in Brooklyn surged to a new record in 2015 with total sales volume reaching nearly $9.7 billion, a 52% increase from 2014's year-end totals.

BOSTON—The major renovation work on the exterior of the Center Plaza complex here is expected to begin in earnest this year in a redevelopment initiative that has been pegged at more than $20 million.

WORCESTER, MA, February 1st, 2016 – A stabilized portfolio of 110 buildings encompassing 250 apartment units in one of the United States' strongest rental markets is being offered for sale by Madison Hawk Capital Markets Group.

NEW YORK CITY—Veteran real estate attorney Jason T. Polevoy has joined the law firm Patterson Belknap Webb & Tyler LLP as counsel in its real estate department.