MORRISTOWN, NJ—As tenants are expected to begin moving into Mill Creek Residential Trust's Modera 44, a new luxury apartment community today, a Mill Creek executive tells GlobeSt.com exclusively that the development proves that rental developments can benefit a community when executed properly. Listen to our exclusive audio interview with Richard Murphy of Mill Creek.

HOUSTON--Colvill Office Properties has been retained to lease the 250,000-square-foot, 18-story Park Place at Buffalo Bayou, located at Memorial Drive and Waugh Drive, currently in development by Pinto Realty Partners.

RIVERSIDE, CA—The venture between CT Realty and Prudential Real Estate Investors will focus on development of industrial buildings, the first being five buildings on a recently purchased 13.1 acres of land here in Riverside.

DALLAS--The Dallas office of Berkadia Commercial Mortgage LLC (Berkadia) recently arranged $55 million for the construction of Discovery at the Realm, a multifamily community that will be located in Lewisville.