PHOENIX—Velocis announced the purchase of Camelback Square, a three-story Class-A office project in the heart of Old Town Scottsdale. The asset was previously owned by Lincoln Property Company, along with a fund managed by Oaktree Capital Management, L.P.

HOUSTON—NAI Partners is branching out. The Houston-based concern is expanding its efforts in Texas and will open new offices in Austin and San Antonio this year, the firm exclusively tells GlobeSt.com.

LOS ANGELES—Three Savills Studley executives in the L.A. office—Corey Davidson, Laura Whelan and Matt Abney—hit their next career level with significant promotions.

IRVINE, CA—Multifamily transactions that don't require a lot of structure are best when figuring Freddie Mac into the equation, ReadyCap Commercial's Jim Going tells GlobeSt.com in this <b>EXCLUSIVE</b> story.