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Moving manufacturing operations up to the high desert will help drive occupancy for owners and the bottom line for users.

The fully-leased property, which also includes a marina and a two-story office building, was sold by Hudson Capital Group, Inc. Mast Capital financed the purchase with a loan from CIT bank, N.A.

As the Bay Area braces for the impending IPO onslaught, San Francisco multifamily rent continues to skyrocket, with one bedrooms reaching an all-time high of $3,690, the most expensive in the world by a hefty margin.

The largest unanchored shopping center in North Texas was recently acquired by property investment firm, RPD Catalyst, from ASG Realty.

Villas on 26th's location is less than half of a mile from the University of Texas at Austin campus, at the epicenter of the West Campus student housing market, which made it attractive to a recent buyer.

The real estate investment and development company focused on self-storage purchased a 50,000-square-foot parking garage on E. 21st St.

Another non-financial company comes to the Financial District, leasing 17,337 square feet from EQ Office.

Franco, 50, who has been with Vornado since 2011, was one of a number of what Vornado chairman and CEO Steven Roth termed as “important and even generational” changes in its senior management in his annual letter to shareholders in the company's 8K filing with the SEC on Friday.