PHOENIX-Brokers are boasting about the market, but it's not as rosy as they'd like to believe, according to Hendricks & Partners. Absorption is down and so is the pipeline. Researchers say it could be some time before construction picks up.

CONROE, TX-The 300-unit River Pointe Apartments was an anomaly to the Weingarten Realty Trust portfolio, totaling 36.9 million sf of retail and industrial properties. A New Orleans buyer takes the non-core strategic asset off the REIT's hands.

PHOENIX-Brokers are boasting about the market, but it's not as rosy as they'd like to believe, according to Hendricks & Partners. Absorption is down and so is the pipeline. Researchers say it could be some time before construction picks up.

CORPUS CHRISTI, TX-The popular coastal town incurred a negative absorption although submarket vacancies are ranging from 1.7% to 8.2%. Overall, vacancy is 4.1%. Truth is, the town is on the road to recovery, researchers report.

HOUSTON-A partnership of real estate companies from three states buys 3600 Woodchase, jumpstarting a renovation for repositioning. The seller, part of the Richman Group of Greenwich, CT was asking $7.7 million.

HOUSTON-A partnership of real estate companies from three states buys 3600 Woodchase, jumpstarting a renovation for repositioning. The seller, part of the Richman Group of Greenwich, CT was asking $7.7 million.

TEMPE, AZ-Cracovia Capital outbids one competitor for a 26,000-sf industrial structure at 1876 E. Broadway in Tempe. The holding was bought out of bankruptcy court. The plan now is to use part of the building and lease part.

SCOTTSDALE, AZ-Centex Homes of Phoenix vacates North 12th Street for Koll Perimeter Center, a two-building development in North Scottsdale known for its commanding view of the mountains. The five-year contract carries a value of $4.9 million.