PHOENIX—Marcus & Millichap has negotiated the sale of Emerald Shores, a 304-unit multifamily community located at 8151 W. Indian School Rd. in Phoenix.

THE WOODLANDS, TX—The Howard Hughes Corp. and its wholly-owned subsidiary, The Woodlands Development Co., has announced that it has begun construction on a 205-room, nine-story Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands, the master-planned community north of downtown Houston.

GRAPEVINE, TX--2GR Equity, a real estate investment firm based in Grapevine, has announced its equity investment into a joint venture with San Antonio-based hotel developer/operator Phoenix Hospitality Group (“PHG”).