DALLAS-Once again, Dallas County's industrial market proving to be the heavy hitter in absorption and occupancy. More than 3.7 million sf has been absorbed in DFWRealsmart.com's Q1 tally while warehouse occupancy is 90% and flex-office, 91%.

NEW YORK CITY-Rate increases of more than 25% were seen in four markets and only two reported decreases. San Francisco, Boston and Midtown New York City took top honors. Rents in Atlanta rose only 0.4% and slipped 1.7% in Los Angeles.

LOS ANGELES-The 24,635-sf, fully leased office building in Hermosa Beach has sold for $5.4 million. The building's major tenant, occupying half the space, is Aon Corp., the insurance brokerage and underwriting organization.

ST. PAUL, MN-High property tax rates and neighborhood resistance are among factors blamed for the lack of multifamily housing. Legislators are looking at major property-tax reform that could address the issue.