Transwestern

PARSIPPANY, NJ—Leslie A. Meril, a former managing director at Colliers International, has joined Transwestern as vice president.

BOSTON—The overall industrial vacancy rate for Greater Boston fell to 10.3%, a new record. The overall rate at year-end 2015 was 10.8%.

TETERBORO AND NORTHVALE, NJ—The Stro Companies has acquired a multi-tenanted, three-building, industrial/flex portfolio in Teterboro and Northvale totaling 95,000 square feet for $7 million.

CHICAGO—Developed in 2013, it was first spec Lake County had seen in years.

CHICAGO—Crossroads has just gotten one of its buildings to 93% occupied, a good example of how class A vacancy rates are falling around O'Hare.

CHICAGO—The new office towers won't do too much to upset the current state of the market, since supply and demand will remain closely matched, and demand won't receive a significant boost until the metro area can attract companies new to the region.

CHICAGO—CBD office market fundamentals have reached prerecession levels and it is clear that downtown Chicago is no longer in recovery mode, according to Transwestern.

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