PLANO, TX-The Houston REIT pays close to $26 million for the mixed-use retail and office property.

HOUSTON-Local Prosperity Bancshares has effectively merged Oklahoma City-based Coppermark Bank, effective April 1.

HOUSTON-The Q1 2013 office report by Transwestern affiliate Delta Research indicated 8,000 SF absorbed versus the 1.4 million SF absorbed in Q4 2012. The reason: A Class B market with negative absorption of 456,000 SF.

DALLAS-According to Transwestern research affiliate Delta Associates, net absorption slowed to 323,000 square feet versus the 1.7 million square feet recorded in Q4 2012. Vacancy decreased slightly to 16.4% area-wide.

PHOENIX-Recently released Q1 figures from Jones Lang LaSalle point to minor occupancy gains and increased tour activity, though overall total vacancy remains north of 24%.

BUDA, TX-In separate transactions, the Irvine, CA buyer adds the 264-unit Vantage at Buda Ranch and the 294-unit Deep Deuce at Bricktown in Oklahoma City to its portfolio.

DALLAS-The Texas Department of Transportation will fund private control towers in Texas – including those at Dallas Executive Airport and Collin County Regional -- in danger of closing due to sequestration.

BATON ROUGE, LA-The agreement includes development of a $55M mixed-use office complex, funded by the city, the State of Louisiana and the Baton Rouge Area Foundation. Commercial Properties is the developer.