HOUSTON-Eastbourne Investments, Wellington Development and Fidelis pick up a second corner at the junction of FM 529 and Fry Road. With 52 acres now banked, the plan is to break ground sometime in 2006.

PHOENIX-CVS Corp.'s developer picks up two acres from Eastbourne Investments Ltd. for another location in the ongoing drug store wars. The pharmacy giant's next location will neighbor a city-owned site bought recently for a library.

PHOENIX-CVS Corp.'s developer picks up two acres from Eastbourne Investments Ltd. for another location in the ongoing drug store wars. The pharmacy giant's next location will neighbor a city-owned site bought recently for a library.

PHOENIX-Private investor Don Flayton of Chicago buys the Central Phoenix multifamily asset for $50,000 below the list, using 1031 exchange funds to complete the close. The class B Hidden Village was 95% leased at sale time.

HOUSTON-Smith-Glover Investments snags an industrial property from the lender, paying thousands below the ask to get expansion room for Discovery Resource, a litigation support company. The deal closes at roughly $660,000.

CHANDLER, AZ-Bascom deepens its presence in the Phoenix market by beating out 17 other offers to acquire the 320-unit Chandler Place Apartments for $22.4 million. The seven-year-old asset, bought from its developer, is being primed for repositioning.

HOUSTON-Hardy Management, the real estate arm for 84 Lumber, scoops up nearly 12 acres in the southwest submarket to add a sixth retail outlet in the metro to its portfolio. A groundbreaking and building size are still being worked out.

HOUSTON-Hardy Management, the real estate arm for 84 Lumber, scoops up nearly 12 acres in the southwest submarket to add a sixth retail outlet in the metro to its portfolio. A groundbreaking and building size are still being worked out.