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C2 Technologies Inc., a provider of performance improvement solutions, singed a lease for 17,700 square feet of office space at City Center at Oyster Point in Newport News. (News release)

ComSonics Inc., a Harrisonburg-based electronics firm, bought the 70,000-square-foot building that currently houses the manufacturing operation in Weyers Cave of its subsidiary, ComSonics Electronics Manufacturing Services.  ComSonics purchased the facility from InterChange Group Inc. (News release)

Premier Management Services bought Richmond Medical from ITW Mortgage Investments IV Inc. for $9.5 million. The medical office park complex contains five buildings with a total of 106,000 square feet. (News release)

Hyatt Place, a unit of Hyatt Hotels, plans to open a four-story, 119-room suite-style facility at Town Place at Greenbrier in Chesapeake. (The Virginian-Pilot)

Marsh/Mercer, a human resources and insurance services firm, signed a lease for 53,000 square feet of office space at Three James Center in Richmond. (News release)

Jubilee Limited Partnership bought Lynnhaven East Shopping Center and North Mall Shoppes in Virginia Beach from REBA Associates LP for $11.8 million. The two properties together include 106,700 square feet on 9.68 acres. (News release)

Lerner Enterprises of North Bethesda, Md. plans to develop an office tower on Tyson Boulevard in The Corporate Office Centre at Tysons II. The building, scheduled to be completed in summer 2009, will be 18 stories tall with 472,000 square feet of space. (PRNewswire)

Virginia Tech will seek property in Northern Virginia where it can consolidate its research operations there. The Virginia Tech Foundation is searching for a building of about 150,000 square feet. (The Roanoke Times)

Wiley Development bought 35 acres of land beside General Electric Co. in Salem for $700,000 and plans to establish the St. John Place Commence Center, an office and warehouse complex on about 13 acres. Wiley is in talks with Salem officials on a lease of the remainder of the land for recreational use. (The Roanoke Times)