WASHINGTON, DC—The financial markets experienced some flux when the Labor Department's unemployment report wasn't absolutely horrible.

PHILADELPHIA, PA—Shorenstein Properties has completed the initial phase of a renovation of 1818 Beneficial Bank Place, the class A Market Street West office tower it acquired earlier this year.

SADDLE BROOK, NJ—New Jersey's “lifestyle” markets, so-called because they offer housing and amenities within walking distance to places of work, continued determining the hot spots for class A office space in the second quarter, says Edward DaCosta, CBRE's EVP, in the firm's latest Office MarketView report.

NEWPORT BEACH, CA—US Court has ordered 120 Arizona and New Mexico properties to be sold, most of them related to the bankruptcy of the Roman Catholic Church Diocese of Gallup.