PHOENIX—CBRE has negotiated the sale of Kierland II located at 16260 N 71st St. in Scottsdale. The 237,875-square-foot office building commanded a sale price of $49.15 million.

NEW YORK CITY—A number of measurements of the market were up last year, boding well for the impact of any future near-term downturn, according to a new report.

PHOENIX—There are still value-add properties on the market, according to Steve Jaffe, who has recently been promoted to chief investment officer and principal of BH Properties. With the 100th and highest valued asset acquired to date on the books, BH Properties is making shifts in the firm's buying strategy. Jaffe talks to GlobeSt.com about the latest acquisition and the firm's plans for the future.

DALLAS--On Friday, CBRE Group Inc. announced that it had acquired United Commercial Realty (UCR), the Dallas-based commercial real estate firm which specializes in retail services. GlobeSt.com's Anna Caplan recently asked Michael Caffey, CBRE's executive managing director/Texas region, five questions about the deal.