HOUSTON—Atlanta-based developer Songy HighRoads has announced that construction is progressing on two notable hotels in the Galleria submarket— Hyatt Regency Hotel Houston Galleria and Hyatt Place Houston Galleria—with the former slated to deliver in the third quarter and the latter by the fourth quarter.

NEW YORK CITY—“New issuance will have to be the main driver of further rate decreases going forward,” says Trepp's Joe McBride.

SAN FRANCISCO–Alexandria Real Estate Equities inked a lease to Stripe at 510 Townsend St. with 300,000 square feet encompassing the entire SOMA building, effectively the largest lease deal so far in 2015.

ORLANDO— “Assets in the vicinity of International Drive are seeing increased interest from investors and an influx of foreign capital.”