NEW YORK CITY—The sector continued to post modest price increases and cap rate compression in most markets around town during the first quarter.

BOSTON—In the first quarter, the Boston Redevelopment Authority approved more than 3,000 new housing units valued at $1.4 billion in investment.

NEW YORK CITY—A new report on first quarter activity shows clear signs of softness in the investment sales sector, with investors appearing cautious.

BOSTON—Chevron Partners of Boston purchased the 50,300-square-foot mixed-use boutique building in a joint venture with Paris-based investment firm Fulton for $23.8 million.

DRACUT, MA—The largest project—the $3.3-billion Northeast Energy Direct natural gas pipeline—was shelved last week by its developer Kinder Morgan, Inc. of Houston and its subsidiary Tennessee Gas Pipeline Co. due to the low energy price environment and lack of demand.

NEW YORK CITY—Named one of Real Estate Forum's top 50 real estate executives under the age of 40 last November, the new hire will oversee New York City-based Steinbridge Group's day-to-day operations and transaction pipeline.

NEW YORK CITY—The Lower Manhattan office tower was purchased by a Chinese investment firm that likes to pick up value add investments with strong operators.

BOSTON—The BRA reports the proposals from the various firms run the gamut from towers anchored by new residences, offices, hotel rooms, retail shops, or developments that would feature a mix of uses.