BOSTON—Brokerage firm Avison Young says that the greater Boston laboratory market hit a significant milestone in the fourth quarter of 2014, reaching a record occupancy level of 14.7 million square feet.

NEW YORK CITY—A former Cushman &amp; Wakefield market leader in New Jersey, Kimberly Brennan plans to make Colliers a major player in the New York /tri-state region, she tells GlobeSt.com in this <b>UPDATE</b> to a previous story.

PHOENIX—A joint venture of EverWest Real Estate Partners and CenterSquare Investment Management purchased Madison Square, a 177,312 square-foot office property located at 16th Street and Missouri Avenue in Central Phoenix, from Orsett Madison LLC for $21.95 million.