CHICAGO—Millennials and their love of collaborative, urban spaces has transformed much of the modern office environment, and their penchant for online commerce is also changing the landscape of industrial real estate.

PHILADELPHIA—Investment demand and pricing for retail properties in Philadelphia have skyrocketed, and rents have reached their highest levels ever along Walnut Street, according to new research by CBRE, whose research director Ian Anderson says is shedding light on an 'opaque' property type with the study.

BRIDGEWATER, NJ— Nestlé Health Science is investing $70 million to create a Nestlé Product Technology Center in Bridgewater, NJ, where Advance Realty and CrossHarbor Capital Partners have signed the food company to a long-term lease at the former Sanofi Aventis campus.

ELIZABETH, NJ—Holliday Fenoglio Fowler arranged $23.8 million in construction financing for a 138,642-square-foot, state-of-the-art freezer warehouse in Elizabeth, NJ, that rolls directly into permanent financing to avoid interest rate risk.