GILBERT, AZ-Private investors from Scottsdale have closed a $2.9-million sale of an industrial property in Gilbert. Carl Howell is taking title to the 30,400-sf office-warehouse from Norm Shaw in a CB Richard Ellis-brokered deal.

DALLAS-The first repositioned, re-branded top-to-bottom makeover of a North Dallas hotel has its joint venture owners already sizing up their next buy. Look for it to come in the Midwest or Southeast, says an Olympus Capital partner.

SAN ANTONIO-Two industrial companies are on the move in San Antonio. Gerloff has temporarily signed for three-fourths of a spec project while crews complete a facility at its home base. Meanwhile, Klinger has downsized to meet a changing business model.

SAN FRANCISCO, CA-While the apartment REIT conducts a search for Nunn's replacement, BRE's chief operating officer Lee Carlson assumes executive responsibilities with regard to asset management.