SAN ANTONIO-The buyer takes three of the four class B complexes that Metra United had on the market. The new owner will put $1.2 million into upgrading the 92%-leased package.

HOUSTON-Arnold Altsuler, with backing from international investors, buys the 27-year-old company, allowing co-founder Bill Yancey to retire and his partner to remain as president.

HOUSTON-Arnold Altsuler, with backing from international investors, buys the 27-year-old company, allowing co-founder Bill Yancey to retire and his partner to remain as president.

TEMPE, AZ-Avenue Communities will move ahead on an adaptive reuse of the 19th century flour mill to create 400,000 sf of mixed-use space. Progress also is made on Centerpoint Condos.

GILBERT, AZ-Mid-America Apartment Communities buys a one-year-old Alexan-branded complex from Trammell Crow Residential. Occupancy was 92% when the deal closed.

AUSTIN, TX-Forestar Real Estate Group is the second partner in the 375,000-sf office project to sign a long-term lease for the class A space, which comes on line by fall.

AUSTIN, TX-Forestar Real Estate Group is the second partner in the 375,000-sf office project to sign a long-term lease for the class A space, which comes on line by fall.

HOUSTON-Driftwood Hospitality Management sells the 27-year-old Doubletree Hotel Houston Intercontinental Airport after investing $6 million into upgrades.