CASA GRANDE, AZ-Elliott D. Pollack & Co. gets land midway between Phoenix and Tucson for $2.4 million after it was discounted by homebuilder DR Horton.

HOUSTON-DBP Capital pays $3.1 million to AIG for the note to the 65%-leased Chesterfield Apartments and then forecloses on Frontier Land to get the asset at a below-market rate.

PHOENIX-Sealy & Co. and CalSTRs will break ground in the coming days on a 400,000-sf speculative warehouse and distribution center on 25 acres in the West Valley.

HOUSTON-The 52,544-sf two-story office building and warehouse is a 1960s design of Gerald Hines. The buyer plans to use the space for a stone and marble business.

AUSTIN, TX-Fountainhead Apartments' location in a trendy part of South Austin is the chief drawing card. The new owner starts with a newly renovated asset and 95% occupancy.

PHOENIX-The firm ends a six-month search for more room, making rail service a requirement. The end result is a seven-year lease in the 140,895-sf BNSF Industrial Center.

ELOY, AZ-A developer, affiliates and his land-clearing contractor are fined $1.25 million for allegedly bulldozing and diverting the Santa Cruz River.

HOUSTON-The companies say the $1.3-billion merger is in trouble due to the volatile capital markets and damages caused by Hurricane Ike.