NEW YORK CITY—Less than a month after its record multi-billion dollar property purchase, Peter Cooper Village/Stuyvesant Town's new ownership has formed a property management company to oversee the complex.

WEST CAMBRIDGE, MA—In two years, King Street Properties made a nearly $82-million profit on its investment in 200 CambridgePark Drive here.

NEW YORK CITY—The office and retail property will undergo a big upgrade to reposition it as an institutional quality building.

BOSTON—Whether a business must be in Boston or it can conduct operations effectively in the outlying suburbs, one thing is for certain, both can expect to see higher rents in 2016.

NEW YORK CITY—The Williamsburg building reportedly will cater to the arts and technology sectors.

BOSTON—Two additional development firms filed plans with the Boston Redevelopment Authority before year's-end and will therefore not be subject to possible tighter affordable housing regulations imposed by Mayor Martin Walsh that began on Jan. 1.

NEW YORK CITY—While the figures may differ slightly, residential brokerage firms are in lockstep that the apartment market in New York City is very strong entering 2016 and has reached all-time highs in sale price in most neighborhoods.

BOSTON—In the waning days of 2015, Boston Properties announced that it would be submitting plans in early 2016 for a major mixed-use project in the city's Back Bay.