CAMBRIDGE, MA—The estimated $1.2-billion Kendall Square Initiative at the Massachusetts Institute of Technology campus here has advanced to a critical stage in the approval process. MIT has announced that it has filed its Project Review and Planned Unit Development special permit applications with the Cambridge Planning Board.

SAN FRANCISCO—After the successful sell out of five condominium developments, GlobeSt.com recently spoke with Alan Mark, president and founding partner of The Mark Company, to discuss overall trends in the condo market and design considerations, the first of a two-part interview.

MALVERN, PA—Liberty Property Trust says funds from operations available to common shareholders for the second quarter of 2015 rose 13.6 percent vs. the second quarter of 2014. Chairman and CEO Bill Hankowsky says he is "pleased with the continued strength of the core portfolio.