PHILADELPHIA, PA—PM Hospitality Strategies will operate five upper upscale hotels in eastern Pennsylvania on behalf of three separate ownership groups. The hotels, in King of Prussia, Valley Forge, Reading, and Center City Philadelphia, bring PMHS's local portfolio to an even dozen.

PHOENIX—The commercial real estate industry group names its new chairman, officers and five new board members, as well as re-nominating an existing board member.

INDIANAPOLIS—The move comes just one day after Resource Commercial Real Estate, also in Indianapolis, ended its affiliation with Colliers.

CHICAGO—The use of cement will continue to increase, but a few rough patches in 2015, especially the decline seen in energy-dependent areas, has cut into the rate of growth.