SAN ANTONIO–The local industrial market is seeing a shift in tenant types while vacancy falls below 7% and asking rates increase to more than $6 for the first time since 2011.

DALLAS–Another California company is fleeing the West Coast and heading to Texas. This time the fleet management solutions company will be leaving San Diego for Dallas.

PHILADELPHIA—Pennsylvania Real Estate Investment Trust is giving shareholders 20 cents per common share after this fiscal quarter, which has been a busy one for the mall owner.

WARETOWN, NJ—In an EXCLUSIVE interview with GlobeSt.com, developer Ingerman's Lara Schwager, talks about building an affordable-housing development that will house seniors, many of which were victims of Sandy.

PHOENIX—TruAmerica Multifamily and an affiliate of Berkshire Group acquired Avenue 25 Apartments in Phoenix in a joint venture for $35.4 million.

HAMILTON, NJ—After a $20-million-dollar renovation, Hamilton Plaza here is now 100% leased, with the addition of a 4,500-square-foot specialty retailer.

PHOENIX—The Arizona Chapter of NAIOP has urged the Federal Aviation Administration to retract the proposed One Engine Inoperative Procedures in the Obstruction Evaluation Studies published in the Federal Register on April 28.

LOS ANGELES—Regular physical inspections of the rental units to make sure that the property is being properly maintained according to code would be the best way to avoid the horrors of REAP, but this is not a practical solution, says a source in this EXCLUSIVE column.