PHOENIX, AZ—New umbrella group will aid in business and residential development, and handle marketing and special events.

AUSTIN-Developers of Hotel Van Zandt and Fairmont Austin say they will move ahead and break ground by summer.

FRANKFURT, GERMANY—The project, scheduled to open January 2014, will encompass 60,000 square meters on 40 floors.

SAN DIEGO—Cross-border cooperation to happen via Technical Assistance Panel study and report.

NEW YORK CITY-More than 40,000 apartment units, mainly in coastal markets, are changing hands as the acquisition is finalized.

BOISE, ID—The amendment extends BMC's existing credit facility from $75 million to $110 million and includes a revolving accordion feature that allows BMC to borrow up to an additional $15 million.

FRISCO, TX—Groundbreaking next Wednesday for eight-story 200,000 SF building, that should be completed in Q2, 2014.

PLANO—Dallas Developer KDC has had an interest in the 1 million-square-foot property since 2005, when it purchased the three-building office park from EDS.