MBK Rental's opening of its Mitchell Place development in Murrieta is only the most recent indicator of the developer's optimism on the Inland Empire.

The apartment investor acquires the 150-unit Griffis at Lowry in Denver for $45.8 million.

Houston operators offered concessions on 35.3% of stabilized product, the biggest volume of discounts among the nation's 50 largest markets, but well below the decade average for the market.

The office market is booming in Downtown Los Angeles with another quarter of strong leasing activity and declining vacancy.