BRISTOL, PA–NAI Mertz has done the Bristol Stomp proud, leasing the entire 120,557-square-foot industrial building at 181 Rittenhouse Circle in Bristol, PA for a packaging company client.

CLIFTON, NJ—Tulfra Real Estate and its partner, Hampshire Companies, have acquired a former Glaxo industrial site and are in the midst of raising the ceiling height and other renovations to the property.

NEW YORK CITY—Chairman and CEO Steven Roth wrote in his annual letter to shareholders that the company's sense is that “ this is the time in the cycle when the smart guys start to build cash.”