LOS ANGELES—Bridge Development buys a 10-acre site in the mid counties industrial market, despite the site's challenging environmental issues, to meet the very pent-up demand for industrial product, GlobeSt.com reports EXCLUSIVELY.

SANTA BARBARA, CA—The latest Yardi Matrix monthly report notes that “cracks are beginning to emerge in some of the top-performing markets,” indicating a return to “more normal growth.”

NEW YORK CITY—A partnership of the Hudson Valley Property Group and Phoenix Realty Group has acquired two Mitchell-Lama workforce housing developments in the Belmont section of the Bronx and plans to undertake extensive renovations on both properties.

CHICAGO—The overall outlook remains good, according to NAIOP, but trouble overseas, and declining oil prices, may mean 2016 demand is lower than the past year.