PHOENIX—The P.B. Bell Companies has acquired The Boulevard, a 294-unit apartment community in north Phoenix. P.B. Bell purchased the luxury apartment community, located near Bell Road and 7th Street, from Franktown, CO-based Slavin Residential for $33.5 million.

Uber drivers are suing the company to be treated as regular employees, which would disrupt the disruptive on-demand car service. Here's why it's a bad idea.

AUSTIN--William D. Redd, who has been instrumental in the growth of Brandywine Realty Trust's Austin portfolio, has been promoted to the position of executive vice president and senior managing director – Richmond and Austin.

DALLAS—Holland & Knight has added a five-lawyer real estate and finance team to its Dallas office.

HOUSTON--After more than 100 years of operating a business on Washington Avenue, The Detering Co. has relocated to a new 107,000-square foot facility on a 19-acre site located at 6800 Helmers St., near Loop 610 North in Houston.

PHOENIX—Savills Studley has opened its first Phoenix office. Tiffany Winne, senior vice president at Savills Studley will lead the firm's operations in Phoenix.

PHOENIX—CBRE has negotiated the sale of Esplanade III, a 218,266-square-foot office building located at 2415 E. Camelback Rd. in Phoenix. The sale closed at $74.3 million.

DALLAS--Construction has begun on the 349,580-square-foot DFW Airport North Distribution Center II, an industrial development consisting of two buildings located on Lakeside Parkway in Flower Mound.