PHOENIX—What are some of the unknowns in the lending climate? It is on everyone's minds now in light of the severity of the last downturn. We asked that…

CONCORD, CA—With new commercial and retail growth occurring in conjunction with the nearby BART station, new luxury rental housing was not being addressed in this market, which presented an opportunity for Legacy Partners to expand the housing supply.

AUSTIN, TX—East Austin has been established as a high-growth submarket where class-A office product, when available, has drawn some of Austin's top businesses away from the core Central Business District.

ROCKWALL, TX—Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes, has been acquired by Steadfast Apartment REIT from seller Blackstone for $66.1 million or $197,754 per unit.

PHOENIX—The owners, lenders and investors forum was the final session at the Lodging Conference held at the Arizona Biltmore last week, with discussions about trends in hotel investment, financing, up-and-coming markets, and supply.

HOUSTON—Museum BLVD is a 50-condominium mid-rise development located in close proximity to the cultural and recreational amenities of the district, with homes ranging from the $140,000s to the $340,000s.

SAN JOSE—Leasing is underway on The Pierce, a mid-rise, 232-unit luxury apartment and retail community in the emerging South First Area district, the downtown visual arts and entertainment destination, with units available for move-in mid-fall.

DALLAS—An investor found substantial value in Uptown land, and along with recognizing a long- and short-term value creation opportunity, an extensive modernization program is planned for Lee Park Tower.