PHOENIX-Though two reports detailing Q1 2013 results report slowing absorption, both forecast an increase in space taken and a decline in vacancy as the year moves forward.

DALLAS-Local research company AXIOMetrics notes that, as of Feb. 2013 (the most recent figures) multifamily permitting increased by 44% to 281,188 units, while single-family permitting was up by 23% to 530,667 units.

BIRMINGHAM, AL-Corporate Realty will break ground shortly on the 237-unit Parkside Apartments, adjacent to the entrance of the 19-acre green space known as Railroad Park.

HUMBLE, TX-The Phoenix company's recent acquisition of the 350,000-square-foot Deerbrook Marketplace was the culmination of a two-year search in the market for the right value-add opportunity.

SCOTTSDALE, AZ-A&C Properties sells the 12-year-old retail property to Kierland Village CMH LLC for $25 million.

HOUSTON-Clif Kennedy has been promoted to senior project manager, while Scott Thetford comes on board, also as senior project manager. Faith McDaniel is also coming on board as administrator.

CORPUS CHRISTI, TX-Construction is underway on the 44,000-square-foot space that will accommodate the retailers; both of which will be the first to open in the area this fall.

Student housing remains at the top of the class among investors. But a few factors, including new development, shrinking cap rates and inexperienced entrants to the sector, are potential threats.