HOUSTON--Lower oil prices may not have as severe an effect on the Houston commercial real estate market as previously thought. That's according to a recent report released by CBRE.

AUSTIN--SRS Real Estate Partners has hired Alison Barnwell as senior vice president in its Austin office.

AUSTIN—St. Croix Capital Corp. is developing a site just west of the airport for the city's sixth Residence Inn by Marriott. The project will kick off development of a 60-acre, mixed-use development called Airport Gateway in southeast Austin.

DALLAS—Having had a loved one diagnosed with Alzheimer's disease, Charles Hodges knows the importance of receiving care in a dedicated treatment facility.

HOUSTON—The Galleria has long been a shopping mecca. Now, Indianapolis-based Simon Property Group wants to ensure it will be for years to come. Earlier this month, the company announced that it intends to invest some $250 million in updates and add 35 more retailers to the 2.4 million-square-foot property, just outside the loop. GlobeSt.com's Anna Caplan recently caught up with the mall's general manager, Greg Noble, to get the shopping scoop.

DALLAS—Dallas has one of the most diverse employer bases in the country, according to new research from JLL.

HOUSTON--Two childhood friends are taking top management roles at Savills Studley in Houston.

AUSTIN—Philadelphia-based Resource Real Estate Opportunity REIT Inc. (Opportunity REIT), a non-traded real estate investment trust sponsored by Resource Real Estate Inc., has acquired Woodmoor Apartments, a 208-unit class B, 97-percent-occupied apartment complex in south Austin.