NEW YORK CITY—Well located with no encumbering leases, the two parcels traded significantly higher than Brooklyn's highest ever valued deal, done in August.

When it comes to the commercial real estate scene in the Southwest, the activity isn't confined to Texas markets. The rest of the region is seeing its fair share of deals, and the area's CRE industry is attracting attention. Here are 20 young professionals who are making a name for themselves in the market.

LOS ANGELES—The end-of-the-year report from Beacon Economics shows that the year, although it had a slow start, experienced great economic expansion and it will continue through 2015.

DALLAS—An affiliate of Berkshire Group has acquired Aura Medical District, a 325-unit class-A apartment community in Dallas, from Trinsic Residential Group.