PHOENIX--The company spends north of $10 million to add the 79,000-SF Thunderbird Square and 410-unit Casa Bella Apartments in Tucson to its portfolio.

ONTARIO, CA-Denver-based REIT Industrial Income Trust acquires the 100%-leased building from Bequer Investments in this week's roundup of commercial real estate news in the West.

BLUE ASH, OH-Duke Realty is building a headquarters and a data center for the software firm as the start of its Legacy Pointe development park. Plus more Midwest news.

ENCINO, CA-The Lunine-Makoui group, including Scott Lunine and Ali Makoui, joins the West L.A. office of NAI Capital as investment specialists.

The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area Inc. (IOREBA) will host a summer social on Thursday, July 28, 2011. IOREBA's Beach Party for Suits will be held at Halcyon's Upper Deck, 114 Walnut St., Montclair, N.J., featuring an open bar and heavy hors d'oeuvres from 5:30 to 7:30 p.m.

PHILADELPHIA-Federal Capital Partners is entering the Philadelphia market with a $7.5-million mezzanine debt for the historic building's renovation.

CARTERET, NJ-The 148,399-square-foot, two-story building, originally built in 1981 and expanded in 1987, was acquired debt-free, says HFF.

Hotels are back. Group rates are up and REITs are dominating the acquisition market, and savvy buyers are finding a lot of opportunity--if they can dig deep. Big brands especially are doubling down on their efforts. Stagnant employment has raised some red flags, but projections overall are looking up in this previously struggling sector, and assets virtually across the board are turning around fast.