PRESCOTT, AZ-Empire Commercial Real Estate, riding a sister company's shirttails, has carved out 100 acres to develop 300,000 sf of retail space and a 300-unit apartment complex. The first phase will be a $15-million, 100,000-sf, grocery-anchored center.

PRESCOTT, AZ-Empire Commercial Real Estate, riding a sister company's shirttails, has carved out 100 acres to develop 300,000 sf of retail space and a 300-unit apartment complex. The first phase will be a $15-million, 100,000-sf, grocery-anchored center.

HOUSTON-Means-Knaus Partners and U.S. Advisor LLC partner on the acquisition of 2000 West Loop South, a 1970s-era high rise with a 90% occupancy. Sources say the class A building has brought $140 per sf.

HOUSTON-Mission Grove Properties, fueled by 1031 exchange funds, buys the 20,750-sf, three-building Wilcrest Business Park in an off-market transaction for its first property in the Greater Houston metro.

PHOENIX-Sun Pacific Investments starts construction on 131,000 sf of office/industrial space after selling out the 75,000-sf first phase of Deer Valley Business Park. The expansion adds six buildings with 54 condos, which are ticketed to deliver in Q3.

PHOENIX-A local limited liability company buys Highland Terrace Apartments, a class B complex on two acres near the Camelback Corridor and Central Avenue. The 90%-leased complex brings in an average monthly rent of $550 per unit.

THE WOODLANDS, TX-The Woodlands Development Co. will raise a 105,000-sf office building at 21 Waterway Ave., right next to the Woodlands Waterway Marriott Hotel and Convention Center. About 55% of the class A space already is out for contract.

SCOTTSDALE, AZ-With the top offer on the table, Univest Development Group takes the deed to the 115,227-sf Hayden Park, a class A, 10-building office campus in condo-ready condition. The deal closes with a 6% cap rate.