HOUSTON-Axiometrics' July 2013 figures show a 6% effective rent growth, down from the 6.5% reported during the same period of 2012. Revenue growth also dropped from 8.3% to 6.8% year over year.
ADDISON, TX-Continuing its strategy of secondary market investments and development, the Dallas area developer breaks ground on Brownsville, TX-based Bella Vista's first phase, 128 units. Phase two will include commercial pad sites.
TULSA, OK-The appliance manufacturer is plowing capital into its 837,000-SF manufacturing operations and will add 150 new employees in 2014. The plant, at Cherokee Industrial Park, will manufacture a new cooking appliance.
PHOENIX-<b>DEALTRACKER</b>-The 1M-SF retail center added tenants including Rainbow Shops, Cinnabon, and International Cancer Advocacy Network. Additional southwest commercial real estate news included.
BIRMINGHAM, AL-The REIT acquires the just-finished 223-unit Tapestry Park from its developer. The Irvine, CA-based buyer also bulks up its Texas portfolio by paying $24 million for the 400-unit Dawntree in Carrollton.
HOUSTON-<b>EXCLUSIVE</b>-As religious organizations focus on outreach, experts tell GlobeSt.com's Amy Wolff Sorter that many are moving into vacant commercial real estate space, rather than buying and building from scratch. Part one of two stories.
HOUSTON-While Joe LaFico joins Kennedy Wilson as managing director of operations and asset management, John Pruitt and Jessica Ochoa come aboard Cassidy Turley as executive managing director and senior vice president, respectively.
EL PASO, TX-Though CBRE shows limited absorption of 1,542 square feet for this border town, frenzied leasing activity in sister city Juarez (with positive absorption of 1.1 million square feet) makes up the lack.
CASA GRANDE, AZ-The Phoenix land bank/developer has in it possession 8,000 acres in the La Osa; CEO Kuldip Verma tells GlobeSt.com there aren't many projects of that size in the Southeast Valley.