NEW YORK CITY—The annual commercial real estate forecast report by Situs, RERC, Deloitte, and the National Association of Realtors points to continued increases in commercial real estate value and pricing this year.

SAVANNAH, GA—Columbus, OH-based private equity firm Rockbridge reports it plans to develop a 173-room boutique hotel in the historic district here.

ROCKY MOUNT, NC—A non-profit organization has put the pedal to the metal and says it has reserved $50 million to provide support for efforts to entice an automobile manufacturer to build a new manufacturing facility in North Carolina.

EAST RUTHERFORD, NJ—This week more than 1,700 workers at the Izod Center here were notified by the state that they will be losing their jobs at the end of March.

TRENTON, NJ—Gov. Chris Christie signed into law on Thursday a bill that reorganizes oversight of the Meadowlands and Liberty State Park and included a controversial provision that would allow commercial development at Liberty State Park.

WASHINGTON, DC—The Association of American Medical Colleges has sold the second of its former West End headquarters buildings for approximately $27.3 million.

NATIONAL HARBOR, MD—The economic benefits of the MGM National Harbor project here include the creation of thousands of jobs during the construction phase of the casino resort. However, not all the impacts from the $1.2-billion development are positive.

NEW YORK CITY—While the recent predictions of a major snowstorm hitting New York City failed to materialize, brokerage firm DTZ reports that a blizzard of space slammed the market in January causing Manhattan's vacancy rate to climb 60 basis points to 9.9%.