DALLAS-With his father retiring, David Lester of Lester & Lester Realty Advisors takes his share of the business to GLV Realty to help build the corporate services team in Dallas-Fort Worth and up-and-coming offices in San Francisco and Washington, DC.

HOUSTON-The Tuffli Co. of California acquires another Houston-area industrial asset and its second in the Turning Basin Industrial District near the port. The buyer went to the closing table with a full-building tenant in hand.

PHILADELPHIA-In one of its largest-ever investment initiatives here, the

DENVER-Trammell Crow's first quarter report pegs the vacancy rate for the industrial market at 8.5%, up from 8.2%. Some areas did show improvement with the South Central submarket boasting the lowest vacancy rate at 3.5%, while the Southeast submarket has the highest, at 16.4%.