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HOUSTON--The Houston retail market ended the first quarter with a vacancy rate of 11.3 percent, down from the previous quarter's rate of 11.6 percent and decreased from the rate one year ago (11.8 percent), according to a report from Savills Studley.
FORT WORTH--Majestic Realty Co. has made two key additions to its Fort Worth office. The firm has hired Kerby Smith as senior vice president of development and Josh Wheeler as vice president, director of development.
AUSTIN--Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Kenzie at The Domain, a 279-unit, six-story multifamily complex in Austin. The terms of the deal were not released.
DALLAS—Developer Jackson-Shaw has announced Hilti Inc. is the first tenant to occupy space at Parc Royal, a 30-acre complex comprising 511,600 square feet, in Irving.
DALLAS—Phoenix-based Vestar has won the leasing assignment of Village on the Parkway, a 357,731-square-foot center situated on 31 acres in Far North Dallas, at Belt Line Road and Montfort Drive. It was retained by the asset's large institutional owner to handle property management, leasing and marketing.
HOUSTON--Transwestern has represented Pathmark Transportation in four leases totaling approximately 334,000 square feet of warehouse/distribution space.
HOUSTON—NAI Partners has seen a flurry of leasing activity in the last week, in addition to being awarded property management services at 4101 Interwood.