HOUSTON-Red Mortgage provides 10-year loans. One is a $175-million variable rate with Fannie Mae discount mortgage-backed security and the other is $205 million at a fixed rate.

HOUSTON-First Industrial sells the first two of seven buildings in the 21-acre park in the northwest submarket. Market sources peg the trade at more than $70 per sf.

PHOENIX-Fenway Properties claims its second office deed in less than two months from KBS, getting the 82%-leased Paragon Plaza for $4.5 million.

OKLAHOMA CITY-Deaconess Health Care and Altera Development pass the 187,000-sf, two-building portfolio on the hospital campus to Grubb & Ellis Healthcare REIT.

GILBERT, AZ-With two of three sites in hand, PHD begins design and permitting for Peoria Regional Medical Center, Florence Hospital at Anthem and Buckeye Regional Medical Center.

GILBERT, AZ-With two of three sites in hand, PHD begins design and permitting for Peoria Regional Medical Center, Florence Hospital at Anthem and Buckeye Regional Medical Center.

UNIVERSAL CITY, TX-With the deed in hand, Concierge Asset Management will spend about $3,000 per unit on upgrades to the 208-unit Sunrise Canyon Apartments.

HOUSTON-Fogarty Klein Monroe, a local ad agency, takes the top two floors of the 21-story 1800 W. Loop South in the Galleria. The long-term lease kicks in at the end of October.