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Selected from a pool of more than 500, this year's batch of young professionals truly represents the cream of the crop of the commercial real estate industry

PHOENIX—Arizona State Credit Union purchased a 25,696-square-foot parcel and has plans to build a 4,400-square-foot state-of-the-art branch and Cole Investment Group of Scottsdale, AZ purchased a 37,266-square-foot parcel for retail.

IRVINE, CA—Developers previously stung by the recession continue to approach the market cautiously to avoid overbuilding, causing vacancy to tighten further in Orange County, Colliers' Robert Caudill tells GlobeSt.com <b>EXCLUSIVELY</b>.

NEW YORK CITY—The newly appointed industry professional—who previously worked in land development—will toil in acquisitions and asset management.

CHICAGO—Absorption may have slowed, but the host of new deals and renewals in the CBD should result in significant amounts of positive absorption over the next two years.

PERTH AMBOY, NJ — Bridge Development Partners, has acquired the 103-acre ePort Logistics Center in Perth Amboy, NJ, and will build three spec warehouses totalling 1.3 million square feet on the site.

MINNEAPOLIS—The district adjacent to the CBD has gotten so popular that major developers have started constructing new brick and timber buildings in the neighborhood that mimic its 19th century industrial style.

CHICAGO—The opening of a set of new office towers in late 2016 and 2017 has other downtown owners upgrading their buildings' amenities.