PHOENIX-Marcus & Millichap's 2013 forecast points out that increased employment and limited inventory will lead to a 120 basis point drop in vacancies and a 1.3% uptick in rents.

GRAND PRAIRIE, TX-With help from its Hangover Opportunity Fund, SkyWalker Property teams with Venture Commercial to take a deed to foreclosed land. The acreage will eventually be leased to restaurants.

DALLAS-Due to the recent rash of projects, Bret Creel and Jeff Innmon (design/construction); Stewart Slack and Michael Alost (development) and Rick Sweat (accounting) boosted the locally based developer's ranks.

CORPUS CHRISTI, TX-In their first partnership, SQN Realty Finance and Thrive Senior Living will soon break ground on the 56-unit Village at Oso Bay. The assisted living and memory care facility is scheduled for a Q1 2014 completion.

HOUSTON-Owner Medistar has hired the local brokerage company as exclusive property manager and leasing agent for the 140,000-square foot renovated MOB.

ORO VALLEY, AZ-Developer Vestar dumps its floating-rate construction loan to obtain permanent financing for its 521,000-square-foot Oro Valley Marketplace, with help from Eastil Secured and Mass Mutual.

FORT WORTH-Following the sale of the 140-unit Westwind Apartments to a California buyer, Robert Aiello of Wells Asset Management chats with GlobeSt.com's Amy Wolff Sorter about growing investor interest in value-add multifamily properties.

HOUSTON-The San Francisco buyer of single-family rentals acquires a total of 455 homes, with more than half bought in Houston.