LOS ANGELES—According to a report from the UCLA Anderson School, homeownership will begin to rise and place a significant strain on the apartment boom by the end of 2016.

RESTON, VA—This is a buy-and-hold investor, hence the 15-year term, Cushman & Wakefield's Philip Mudd tells GlobeSt.com's Erika Morphy.

CHATHAM, NJ—The Garibaldi Group/CORFAC International has named veteran marketer and real estate salesperson Charlie Dai as its senior vice president of business development.

MIDDLETOWN, PA—Auto parts and accessories chain AutoZone has leased 7,400 square feet at Mid-Town Plaza in Middletown, PA. The 95,000-square-foot shopping center is exclusively leased and managed by North Plainfield, NJ-based Levin Management.