HOUSTON-A local investor, carving out his first commercial niche, takes over the 79-unit Spring Gardens Apartments and abutting 38-unit Johanna Apartments, using an 80% loan-to-value financing to make the close.

HOUSTON-The 40-year-old Houston House, adjacent to the proposed $200-million mixed-use Houston Pavilions, is coming to market for $28 million. The property will be marketed just to condominium converters.

HOUSTON-The 40-year-old Houston House, adjacent to the proposed $200-million mixed-use Houston Pavilions, is coming to market for $28 million. The property will be marketed just to condominium converters.

SURPRISE, AZ-Watching the exchange of nearly 5,700 acres in two recent transactions, many professionals are cautiously monitoring the metro's western front. Some local experts say the land rush raises concerns about too much growth.

SURPRISE, AZ-Watching the exchange of nearly 5,700 acres in two recent transactions, many professionals are cautiously monitoring the metro's western front. Some local experts say the land rush raises concerns about too much growth.

SURPRISE, AZ-Watching the exchange of nearly 5,700 acres in two recent transactions, many professionals are cautiously monitoring the metro's western front. Some local experts say the land rush raises concerns about too much growth.

PHOENIX-The owners of a seasonal theme park have acquired a 46,000-sf building to store belongings during the off-season. The seller, faced with an upcoming vacancy, thought about looking for a replacement tenant and then opted to sell for $2.3 million.

AUBURN HILLS, MI-An international automotive supplier company has sold its 13,500-sf freestanding industrial property, which was listed at $1.65 million, to a local investor. The property is tenanted with another international company.