EL PASO, TX-<b>UPDATE:</b> The March 13 announcement that Alamo Drafthouse Cinemas will anchor the 292-acre Montecillo's retail area signifies that the "Smart Code" urban infill development is moving forward.

GLENDALE, AZ-The Canadian truss manufacturer acquired its first U.S. location; 27 acres once belonging to Schuck &amp; Sons. But experts are divided as to whether the move means a rapidly recovering housing industry.

PLANO, TX-HFF, working on behalf of Banner Apartments LLC, obtains financing to acquire the 194-unit Wellington at Willow Bend from Aspen Square Management.

EL PASO-The Austin-based Alamo Drafthouse Cinemas is setting up shop at the 300-acre, mixed-use Montecillo Town Center. The entertainment complex will anchor the retail component of the development.

HOUSTON-The community center owner's Q2 2012 figures were mainly in positive territory, with an NOI of $8 million and total 2012 revenues of $46 million, a 34% increase from the previous year.

TUCSON-Buyer Summit Equity follows its December buy of the 240-unit Palomino Crossing with the close to $10 million acquisition of the class B Raintree.

DALLAS-The groundbreaking, to take place March 14, will launch vertical development of the 513,000-square-foot distribution center at the 300-acre Ridge Logistics Center in South Dallas.

HOUSTON-The executive suite company re-ups in the Northbelt submarket on the city's north side; Moody Rambin and NAI Houston broker the deal. Additional southwest commercial real estate news follows.