MESA, AZ-Park Corp. pays $10.5 million for the site in First Mesa Commerce Park. The buyer is now courting the limited-service crowd, eyeing as many as 700 rooms for the dirt.

AUSTIN, TX-The developer starts work on phase two of a 4.5-acre, lake-fronting residential project. The 18 spec condos will have 4,000-sf floor plans, some shaped like a guitar.

AUSTIN, TX-The developer starts work on phase two of a 4.5-acre, lake-fronting residential project. The 18 spec condos will have 4,000-sf floor plans, some shaped like a guitar.

HOUSTON-The local investment group buys a six-building office portfolio in the Clear Lake submarket. Comparable class B assets have been fetching $70 per sf to $80 per sf.

PHOENIX-The buyer deploys 1031 exchange funds and assumes the nine-year balance on a loan to win the fully leased V3 Corporate Center from Meridian West.

AUSTIN, TX-Belco takes over the 95%-leased Hampton Apartments, which still had 24 units off line due to a fire two years ago. The insurance settlement was part of the deal.

AUSTIN, TX-Belco takes over the 95%-leased Hampton Apartments, which still had 24 units off line due to a fire two years ago. The insurance settlement was part of the deal.

HOUSTON-The wastewater equipment manufacturer buys 5.1 acres after a six-month search. A 30,000-sf LEED-certified headquarters and manufacturing facility will be built.