Regions Southwest
Housing Prices Fall Most in Philadelphia, Las Vegas
May 9, 2008

The largest three-month declines for house prices occurred in Las Vegas and Philadelphia, off 5.1 percent and 4.5 percent, respectively, according to the Altos 10-City Composite Price Index. Overall, in the United States, the index showed a decline in asking prices of 0.9 percent over the past three months and continued that decline in April with a decrease of 0.6 percent for the month. List prices for houses fell at the fastest rate in Las Vegas - down 2.7 percent during April. Prices of properties listed for-sale fell in only 7 of 25 major markets, according to the Real-Time Real Estate Report, jointly published by Altos Research and market analysis consultancy Real IQ.

 
Recent Southwest Headlines
ProLogis to Increase Presence in Fort Worth with New 2MSF Park
May 16, 2008
Later this year, Denver-headquartered ProLogis will commence development of ProLogis Park Fort Worth on a 130-acre site in the North Fort Worth submarket. At full build-out the industrial complex will encompass seven structures containing a total of 2.1 million square feet of distribution space.
BH Properties Acquires Office, Retail Assets in Dallas-Fort Worth Area
May 16, 2008
BH Properties L.L.C. has acquired nine office and retail properties located around the Dallas-Fort Worth area with a tax assessed valued of approximately $22 million.
801 Travis Goddard Sells Houston Building, Puts Another on Market
May 16, 2008
Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.
Firm Renews and Expands Lease to Occupy Entire 300,000SF Energy Corridor Building
May 16, 2008
The Shaw Group Inc. will stay put at 1430 Enclave Parkway now that it has renewed its lease with property owner Piedmont Office Realty Trust.
$1B M Vegas Resort to Cater to Thriving Mid-Size Event Market
May 15, 2008
Developers of the planned $1 billion M Resort, Spa & Casino in Las Vegas recently revealed new project details designed to address the city's dearth of conference facilities that accommodate small and mid-sized meetings and events.