PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net-leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road.

PHOENIX—Officials from Harvard Investments, Lincoln Property Company, the city of Mesa and anchor tenant American Traffic Solutions were on hand for the groundbreaking of Waypoint, a two-building, 258-square-foot class A office campus in Mesa, that is nearly 50% pre-leased to ATS.

DALLAS—Last week, Behringer announced the launch of Behringer Lodging Group LLC (BLG), a hospitality-focused joint venture that will be led by managing directors Matt Comfort and Jeff Burns.

PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the nearly $5 million sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet.

AUSTIN--FirstService Residential has acquired Southwest Management Services, a provider of community-association management services in Central Texas.

PHOENIX—LGE Design Build has constructed a 50,000-square-foot regional operations center for NPL Construction Co., an energy distribution contractor. The project consists of a two-story operations facility, located at 7326 N. Glen Harbor Blvd. in Glendale.

HOUSTON–Chicago-based Waterton Associates LLC is entering the Houston market. The firm has acquired the Villas at Hermann Park, a 320-unit wrap-style rental community adjacent to Hermann Park and the Texas Medical Center.

DALLAS–HFF has closed the sale of and arranged acquisition financing for a three-building office portfolio totaling 465,703 square feet in North Dallas.