HOUSTON-The company has been tapped by owner CBRE Strategic Partners US Value 5 to oversee leasing activities for the 243,000-square-foot office building in the Galleria submarket.

MESA, AZ-The Beverly Hills, CA owner has begun significant upgrades to the 36,000-SF Baywood Health Center and the 26,000-SF Broadway Health Center.

ARLINGTON, TX-The office supply store takes down close to 10,000 square feet as a small-use prototype. More southwest commercial real estate news follows.

AUSTIN-The hospitality REIT acquires three Hyatt hotels in Florida and Illinois for $36 million, while selling the 62-room AmericInn Hotel in Lakewood, CO for $2.6 million.

HOUSTON-Vantage Cos. hires Colliers' local office to fill the 117,000-square-foot, Beltway 8 Office Center, an office/retail/service property.

KATY, TX-The partners are going north on the $32 million Aura Grand Corners, its second in Texas. Construction on the 316-unit Aura Castle Hills in Lewisville, TX, is underway.

SCOTTSDALE, AZ-HFF secures financing so the borrower can finish building the 388-unit Jefferson at One Scottsdale, due for a 2014 completion date.

HOUSTON-DCT acquired 11 acres in the northwest submarket for DCT Beltway Tanner Business Park, on which construction launches in February. Construction already started on the 267,000-SF DCT Airtex Industrial Center.