SCOTTSDALE, AZ-The investment group buys into the Forum Capital development, getting majority interest in the 274,000-sf Portales I and delivering funds to ramp up construction in September on the $43-million, 172,000-sf second phase.

SCOTTSDALE, AZ-The investment group buys into the Forum Capital development, getting majority interest in the 274,000-sf Portales I and delivering funds to ramp up construction in September on the $43-million, 172,000-sf second phase.

HOUSTON-The Galleria and CBD lead the way in office space absorption as road construction winds down and commutes become easier. Competition is pushing down rents, particularly class A which dropped eights cents per sf to a $20.82 per sf average.

CHANDLER, AZ-The local tile company starts setting up shop in 62,000 sf of a 130,000-sf warehouse along East Ray Road. The five-year lease, with extra land for outside storage, carries an average rate of 33 cents per sf over the term.

HOUSTON-With the long-term lease in hand, TIAA-CREF and Transwestern Commercial Services make plans to break ground on another distribution facility in the Port Northwest Business Park. The timetable calls for a yearend delivery.

KATY, TX-NewQuest Properties seeks out a retail center to accommodate a new location for 24-Hour Fitness. The new owner of Westlake Shopping Center, bought for close to the $5.4-million ask, has plans under way to divvy the 52,250-sf dark anchor space.

KATY, TX-NewQuest Properties seeks out a retail center to accommodate a new location for 24-Hour Fitness. The new owner of Westlake Shopping Center, bought for close to the $5.4-million ask, has plans under way to divvy the 52,250-sf dark anchor space.

KATY, TX-NewQuest Properties seeks out a retail center to accommodate a new location for 24-Hour Fitness. The new owner of Westlake Shopping Center, bought for close to the $5.4-million ask, has plans under way to divvy the 52,250-sf dark anchor space.