CHICAGO—The North Cook submarket has seen very little new development in the past decade, but a joint venture feels the time is right for new product.

PENNSAUKEN, NJ—Colliers International helped The Bloom Organization sell its 18,240-square-foot office building in the Airport Industrial Park at 7895 Browning Road in Pennsauken, NJ for $1.75 million.

MONTVALE, NJ—Mercedes-Benz USA is ditching New Jersey for a new corporate headquarters in Atlanta, in a move the company says is designed to better serve its growing customer base and strengthen the company's position for long-term, sustainable growth. GlobeSt.com will have more on this story in the morning.

LAFAYETTE, La.--Seattle-based Nordstrom Inc. is planning to open its second company store next year in Louisiana: a Nordstrom Rack at Ambassador Town Center in Lafayette.