Houston

The land purchased by Katy Independent School District is located off of Katy Hockley Rd., sharing two borders with Newland Communities' master-planned residential community, and is west of Grand Parkway.

This key downtown Houston block with tunnel access is re-emerging as a prime retail opportunity, thanks to the Bayou City-based duo of Capital Retail Properties and Identity Architects.

The $51.74 million sale of Avocet Apartments, a 336-unit multifamily property, recently closed in this fast-growing and affluent westside area at 11340 Alamo Ranch Pkwy. in San Antonio.

Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone's wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

The increase in vacancy and availability was due to a combination of tenants seizing on attractive sublease offerings, thereby increasing direct vacancy upon move, and through an additional wave of sublease listings.

E-commerce companies demand more flexibility in order to accommodate users' sortation equipment as well as the need for higher clear heights which allows for the installation of mezzanine space.

Growth is strong in most multifamily markets in Texas, but the cost of construction is currently outpacing rents which has to change in order for opportunities to become obvious in the larger markets.