MEMPHIS, TN—Dallas-based Hillwood Investment Properties reports it has opened an office here and has hired industry veteran Kurt Nelson as senior vice president to oversee the firm's expanding Memphis portfolio.

NASHVILLE, TN—Locally-based Brookdale Senior Living and Irvine, CA-based HCP, Inc. report they have closed on their previously disclosed multiple-faceted transaction that includes the creation of a $1.2-billion strategic joint venture.

HOUSTON--Trammell Crow Co. and JV partner Clarion have broken ground on a new facility for DB Schenker in the northeast part of the city.

GREENWICH, CT—Locally-based Urstadt Biddle Properties Inc. has acquired two mixed-use properties here for $47.4 million. The properties total 89,000 square feet of retail, office and multifamily space.