NEW YORK CITY-Julien J. Studley Inc. and Lambert Smith Hampton have unveiled the formation of Global Property Alliance, an international consortium of independent commercial real estate firms.

CORPUS CHRISTI, TX-SSP Partners has taken over the Tex-Mart Food Store chain amid plans for an expansion. The beef up will come in south Texas. which is perceived as the strongest emerging market.

KANSAS CITY, NORTH, MO-Renovations to the tune of $15 million have been done since last year's purchase for $33.5 million. There still is talk as to whether a 200-room hotel will be built on the site.

ORANGE COUNTY, CA-Industry experts say the need for affordable, multifamily housing is still outpacing new construction. That's because few large complexes are being built.