DALLAS--Stonelake Capital Partners has acquired two industrial buildings totaling 150,000 square feet in Great Southwest Industrial Park, and is on the lookout for more.

Environmental compliance audits are detailed audits of an operation or manufacturer to determine if the operator is in compliance with local, state, and federal regulations. Compliance audits differ from Phase I and II environmental site assessments (ESAs) in a fundamental way: Phase I and II ESAs focus on releases of hazardous substances to real estate, whereas compliance audits focus on whether or not operations comply with environmental laws with the objective of reducing regulatory risk,…

AUSTIN—A high-profile closing on Tuesday in the Tech Ridge submarket is proving the area is one of the hottest in Austin.

PHOENIX—USAA Real Estate Company of San Antonio, in association with Tempe-based Metro Commercial Properties, has broken ground on a speculative office development in the I-17 / Deer Valley submarket in Phoenix.

RICHARDSON—The Weitzman Group has negotiated the sale of The Shire, an 83,000-square-foot mixed-use specialty retail and office project in Richardson.

AUSTIN—Denver-based Amstar, on behalf of one of its public retirement system clients and in conjunction with its partner, Transwestern Development Co., has announced the sale of The 704, a class A mixed-use apartment property in Austin. The buyer and sale price were not disclosed.

HOUSTON—A two-property multifamily portfolio in Spring Branch has changed hands, according to Transwestern's Houston Multifamily Investment Services Group.

PHOENIX—Ben Smith is chief strategy officer with Surplus Asset Management, an organization dedicated to providing platforms for retailers, wholesalers, individuals and trustees to achieve a maximum return on their assets through online and live auctions. GlobeSt.com caught up with Smith to discuss how surplus inventory impacts the retail sector.