MCALLEN, TX-The Newport Beach investor acquires more than 800,000 square feet in McAllen and El Paso TX from CIII Capital Partners for approximately $17 million.

IRVING, TX-In a recent interview with GlobeSt.com, Vesper Holdings' Issac Sitt says his firm finds student housing deals by working directly with owners. Sitt is a speakers at RealShare Student Housing, May 13-14.

OKLAHOMA CITY- Mark Beffort and Tim Strange tell GlobeSt.com that last week's merger creating Newmark Grubb Levy Strange Beffort represents the right move at the right time.

COPPELL, TX-CID Resources and Norwex USA signed separate agreements to take down space at Duke's Freeport North.

HOUSTON-The local company acquires Hyatt Place in North Charleston from Naman Hotels. Brett Moody tells GlobeSt.com that the property's appeal is its proximity to Boeing Co.'s Dreamliner assembly plant.

PHOENIX-i/o Data, which has been in its location on 48th Street since 2009, pays $72 million to CBRE Global Investors for ownership rights of the property, formerly the site of Le-Nature bottling company.

PHOENIX-The company puts Christopher Anderson in charge of operations throughout Arizona and New Mexico. Anderson was recently with Forest City Enterprise and also worked with Hines in the early 2000s.

IRVING, TX-FelCor reports a 6%-plus increase in core RevPAR and a 13% increase in same-store adjusted EBITDA. Meanwhile, the REIT continues shedding non-core assets.