HOUSTON-Based on gains on sale during Q3, the REIT boosts its 2013 FFO guidance to between $1.07 and $1.12. Core FFO remains unchanged between $0.98 and $1.03.
DALLAS-Panelists speaking at the "Institutional Investors" presentation at the recent ICSC's Hispanic Markets Conference said investors continue to be wary about Hispanic retail, despite the demographics' purchasing power.
HOUSTON-As part of Real Estate Forum's 45 Under 40, Transwestern's Paul Wittorf joins a list of rising superstars of commercial real estate who come a variety of disciplines, specialties and geographic regions.
PHOENIX-<b>DEAL TRACKER</b>-Local investor AHO LLC acquires the bulk of the 92-unit Loma Bonita Apartments from 18 separate owners. Southwest commercial real estate news follows.
SCOTTSDALE, AZ-Healthcare Trust of America's reporting a year-over-year increase in FFO (an increase of $0.03 per diluted share), unchanged normalized FFO and a 3.2% increase in same property cash NOI.
HOUSTON-In a move to expand its presence in Oil City, Del Rey Urban Capital has set up shop on Post Oak Boulevard. Scott Chaplan, managing director of DRU's funds, heads up the new location.
HOUSTON-The retail REIT's Q3 earnings demonstrated a 40% revenue increase year-over-year and 35% improvement in quarterly property net operating income.
RICHARDSON, TX-KDC is going north on a 260,000-square-foot office and warehouse complex for AdvoCare International; completion is slated for summer, 2014.
TUCSON-Partners Harrison Street Real Estate Capital and Landmark Properties sell the 774-bed, 183-unit Retreat at Tucson (serving University of Arizona) to Clarion Partners.