PHOENIX-The class C Majestic Palms receives six offers before passing to a 1031 exchange buyer from nearby Fountain Valley for $1.2 million. The one- and two-bedroom units are 92% occupied.

PHOENIX-Abart Properties III LLC, fueled by 1031 exchange money, buys a class A office building for $11.2 million in an off-market transaction with a local seller. The two-year-old building is 98% leased at sale time.

PHOENIX-In a first-time teaming, USAA Real Estate Co. and RED Development game out a 325,000-sf retail project. USAA contributes 38 acres beside its metro office campus and agrees to share in the cost, putting RED at the lead of the preleasing charge.

PHOENIX-In a first-time teaming, USAA Real Estate Co. and RED Development game out a 325,000-sf retail project. USAA contributes 38 acres beside its metro office campus and agrees to share in the cost, putting RED at the lead of the preleasing charge.

PASADENA, TX-The class A Broadwater Apartments sells for about $18.8 million to Chancellor Properties LLC, a Houston-based investment group that secures a $15-million loan to acquire the 92% occupied complex.

PASADENA, TX-The class A Broadwater Apartments sells for about $18.8 million to Chancellor Properties LLC, a Houston-based investment group that secures a $15-million loan to acquire the 92% occupied complex.

HOUSTON-Alliance Worldwide Ltd. has just moved into class A space at 1010 Lamar St. after exercising an early termination clause for an 8,100-sf office along Fannin Street. The travel agent signs a long-term lease for the new headquarters location.

GRAPEVINE, TX-The video game retailer astounds the market with 27.7% sales growth and profit increase of 23%.