Following the summit, the governors reached a set of core principles on issues related to market regulation and empowerment; public health; public safety and enforcement and vaping best practices.

The average overall market rent for the region stood at $6.50-a-square-foot, a 1% increase versus last quarter, and a 6.2% increase versus the same period last year.

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors.

Commercial brokerage firm NAI Mertz reports that PSI purchased 827 Sans Souci Parkway from Medley Investments for $4.2 million.

JLL marketed and brokered the transaction for the property that is anchored by Big Lots and a new The Edge Fitness Club.

The offering marks JLL Income Property Trust's first entry into the 1031 exchange sector.

The TOBY award in the category in the 100,000- to 249,999-square-foot office building category, will be bestowed to Transwestern Commercial Services, which provides leasing and property management services for the 228,350-square-foot property.

NAI Mertz, which has its regional office based in Mount Laurel, NJ reports that brokerage team of Rebecca Ting, SIOR, senior vice president, and Julie Kronfeld, SIOR, vice president, recently completed two leases totaling 9,620 square feet at the properties.