NEW YORK CITY—Meanwhile, Manhattan's overall vacancy rate rose to 10% in the first quarter of this year, an increase from year-end 2015, according to new research.

BOSTON—Joseph, who has 30 years experience in commercial real estate finance, joins C&W as vice chairman.

NEW YORK CITY—After serving in Asia for more than a decade, the new hire will develop strategies for Cushman's largest occupier clients in the tri-state, Mid-Atlantic and New England regions.

BOSTON—Union Investment Real Estate acquired the property on behalf of its open-ended real estate fund Unilmmo: Global.

NEW YORK CITY—The seven-year loan was brokered for the building ownership by Meridian Capital Group.

BOSTON—The BRA staff has been very busy this month as a host of large and smaller development projects have been filed with the agency.

NEW YORK CITY—Canadian retailer Hudson's Bay Co. formed the partnership with Simon Property Group last year.

BOSTON—Cronin is proposing in its latest filing with the BRA to build a 22-story, 283,700-square-foot building that will contain 124 residential units and 10,700 square feet of commercial and retail space.