HOUSTON-In reporting its Q2 2013 earnings, the retail owner/operator saw gains in FFO Core of 13% year-over-year, with revenue increasing to $14.8 million.
DALLAS-The REIT's Q2 2013 numbers showed same-store NOI increasing by 2.8% year-over-year, while occupancy fell approximately 160 basis points compared to Q4 2012 due to the Fountain Oaks buy and Courtyard at Post Oak vacancy.
AUSTIN-The hospitality REIT had a solid Q2, with same-store RevPAR at $75.76, average daily rate at $99.96 (a year-over-year increase of 4.9%) and occupancy up by 219 basis points to 75.8%.
PHOENIX-<b>EXCLUSIVE</b>-The CRE veteran, who will also have oversight of affiliated development company Accelerated Development Services, has been hired to spur corporate growth in an accelerating market.
HOUSTON-The Boston buyer lays claim to the class A Eldridge Oaks, located in the Energy Corridor submarket, buying it from developer Cornerstone Real Estate and Transwestern.
HOUSTON-In its first CBD venture, Braun Enterprises snags the 78,843-square-foot Great Jones Building, an office building, and the 29,036-square-foot, mixed-use McCrory Building.
EL PASO-The local commercial real estate owner, operator and developer appoints Parker to executive vice president and CFO. Parker succeeds William Kell, who is stepping down after a decade in the position.
TEMPE, AZ-The Marietta, GA developer is in the process of acquiring seven acres just south of ASU's Karsten Golf Course, on which it will build the student housing project.
DALLAS-Jones Lang LaSalle's Terry Darrow tells Amy Wolff Sorter of Globest.com that spec development has been delayed due to lending restraints, though that's slowly starting to change.