The president of Henry S. Miller Brokerage's retail division, Vaughn Miller, has left the company to launch a new firm that will focus on retail development projects. He's the great-grandson of Henry. S. Miller Sr., who founded the company bearing his name nearly 100 years ago, and the son of Vance Miller, who unexpectedly passed away in February.

Investment capital continues to pour into the apartment sector. Even deals with unattractive debt and significant yield maintenance/defeasance are drawing a big crowd. At the same time, North Texas leads the nation in multifamily construction, with new products securing record rents.