PHOENIX—Clear Title Agency of Arizona is pleased to announce the promotion of a key member in our management team. Mike Winters has been promoted to vice president of East Valley Operations at Clear Title Agency of Arizona.

DALLAS—StreetLights Residential recently broke ground on a new high-rise development. Sitting on nearly one-acre, the project site is just off McKinney Avenue at the Maple/Routh connection and Thomas Avenue in the Uptown area of Dallas.

TUCSON—Radium Investments I LLC of Phoenix purchased Posada del Rio, located at 7424 E. Speedway Boulevard, from Rio Properties LLC of Tucson .

PHOENIX—Oregon Pacific Investment and Development Company purchased Pinnacle Queen Creek, a class A apartment community located at 800 W. Queen Creek Road. The 252-unit garden style apartment community sold for $33.3 million.

DALLAS—Velocis Fund LP, a Dallas-based private equity real estate fund, announces the launch of its second fund, Velocis Fund II. This launch follows the success of Velocis' first fund, which completed its final closing in March 2013, and has performed beyond underwriting expectations.

SAN ANTONIO—Stream Realty Partners is finalizing plans for its latest office development project in San Antonio. The One51 Office Centre is located in the Westover Hills. Stream will break ground in August with completion the second quarter of 2015.

HOUSTON—Hillwood Communities, in partnership with McGuyer Homebuilders, Inc., has broken ground on Pomona, its first Houston-area master-planned community located in the heart of the rapidly growing Highway 288 corridor in Manvel.

PHOENIX—Matthew Riley has joined the capital markets group at Cushman & Wakefield of Arizona, Inc. as a retail capital markets analyst.