MIAMI—“Every investment—every outlay of capital—is a risk-adjusted balance.”

LOWER NAZARETH, PA—Joint venture partners Trammell Crow Company and Clarion Partners have acquired a 90-acre site at 4815 Hanoverville Road in Lower Nazareth, PA, for the development of Lehigh Valley Trade Center. Construction will commence later this month on two class A speculative warehouse/distribution buildings totaling more than 1.2 million square feet. Clarion Partners has acquired the property on behalf of a commingled fund that it manages.

SAN MATEO, CA—The Best in Green honor is the fourth sustainability award for Sares Regis Groups' 888 San Mateo apartment community and third project of the year award since its completion in 2014.