PHOENIX—Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year.

AUSTIN--Home2 Suites by Hilton has opened its 50th hotel in less than five years. The company has tapped the Domain submarket for the debut of its latest hotel. Home2 Suites by Hilton, a mid-tier, all-suite hotel brand marketed to modern business travelers and extended-stay guests.

DALLAS--Huffines Communities has broken ground on a 650-unit apartment community in Rowlett. Harmony Hill will feature a distinctive, urban-inspired design with upscale amenities and finishes.

HOUSTON—BALCOR Commercial has announced the addition of South Texas Sinus Institute to its Parc Binz mixed-use complex, located at 1801 Binz St. The board-certified otolaryngology practice will occupy 5,000 square feet of office space and is set to open for business in the fourth quarter of 2015.

DALLAS--Red River Asset Management has announced a new tenant.

PHOENIX—Large office tenants seeking space in Metro Phoenix are feeling the squeeze as the market tightens and big blocks of space are a scarce commodity, according to a report released today by Cushman & Wakefield of Arizona, Inc.

AUSTIN--Dividend Capital Diversified Property Fund Inc. (DPF), a public reporting, daily NAV REIT, has acquired the City View portfolio for $68.75 million. DPF funded the acquisition through cash on hand and availability under its revolving credit facility.

PHOENIX—Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade.