Ho, ho, ho! As we begin the holidays, the undergraduate class of 2015 can look forward to something college graduates haven't seen in a while: cash in the bank.

PHOENIX—CBRE has completed the sale of Welnick Bros. Marketplace located at 345 W. Van Buren St. in Downtown Phoenix. The property has been earmarked for a future, urban-infill retail project. The sale is yet another testament to the Downtown area's revitalization—this time capitalizing on a bit of history.

PHOENIX—GlobeSt.com recently caught up with Flynann Janisse, the executive director of Rainbow Housing Assistance Corporation, a nonprofit organization that provides service-enriched housing programs for residents of rental housing communities throughout the country. Rainbow seeks to create and preserve quality, affordable housing for families and individuals of diverse ethnic, social and economic backgrounds. GlobeSt.com asked Janisse to define impact investing and give a sense of its growing popularity.

AUSTIN--Oak Grove Capital has originated $63 million of fixed-rate Fannie Mae loans for Investors Capital Group (ICG) to acquire four separate market-rate, garden-style apartment projects in Austin.

HOUSTON--HFF has closed the sale of and arranged acquisition financing for 3000 Post Oak, a 441,523-square-foot, class A office building in Houston's Galleria submarket.

PHOENIX---PDSI has sold Gateway Village in Glendale to TriGate Capital as part of a $53 million sale of a national portfolio of retail properties.

PHOENIX—In this edition of Deal-Tracker, Cooper, Cardinal and Company LLC, a boutique multi-family investment brokerage firm with headquarters in Phoenix, recently closed four multifamily deals.

PHOENIX—Kurt W. Rosene, formerly senior vice president of The Alter Group, has transitioned to his new role as head of NOVO Development, LLC, headquartered in Scottsdale.