GREATER BOSTON-Cushman & Wakefield releases its statistics for the second quarter of this year and the numbers indicate that the market has significantly more space on its hands than it did a year ago. Rental rates have responded accordingly by continuing to drop.

PHILADELPHIA-Madison Apartment Group, the multifamily arm of locally-based Berwind Property Group, buys Butternut Ridge Apartments, a 261-unit complex in the Cleveland suburb of Olmsted, OH. It is one of three recent Madison acquisitions, bought as a package for $52 million.

MELROSE, MA- Pembroke Real Estate, a subsidiary of Fidelity Investments, passes a "significant regulatory hurdle" in its quest to develop a 575-unit residential complex that straddles this town and Malden.

SAN FRANCISCO-San Francisco residents say that city leaders should slow down and redirect the Presidio development process to ensure that for-profit businesses are not given tax and fee breaks that would give them an unfair advantage.