NEW YORK CITY—A new report on first quarter activity shows clear signs of softness in the investment sales sector, with investors appearing cautious.

BOSTON—Chevron Partners of Boston purchased the 50,300-square-foot mixed-use boutique building in a joint venture with Paris-based investment firm Fulton for $23.8 million.

NEW YORK CITY—Named one of Real Estate Forum's top 50 real estate executives under the age of 40 last November, the new hire will oversee New York City-based Steinbridge Group's day-to-day operations and transaction pipeline.

DRACUT, MA—The largest project—the $3.3-billion Northeast Energy Direct natural gas pipeline—was shelved last week by its developer Kinder Morgan, Inc. of Houston and its subsidiary Tennessee Gas Pipeline Co. due to the low energy price environment and lack of demand.

NEW YORK CITY—The Lower Manhattan office tower was purchased by a Chinese investment firm that likes to pick up value add investments with strong operators.

BOSTON—The BRA reports the proposals from the various firms run the gamut from towers anchored by new residences, offices, hotel rooms, retail shops, or developments that would feature a mix of uses.

NEW YORK CITY—The sale price is estimated at $337-per-square-foot and the deal is expected to close in the second quarter of this year.

NEW YORK CITY—New York City-based financial services and investment firm TIAA acquired the seven buildings on Summer, Congress and Farnsworth streets in an all cash transaction.