HOUSTON—MCR Development LLC, the seventh-largest hotel owner-operator in the country, has completed a renovation of the TownePlace Suites by Marriott Houston Intercontinental Airport, a 134-suite extended-stay hotel located at 4015 Interwood North Parkway, in a continued push to enhance the overall guest experience and drive RevPAR growth, a core company strategy.

FORT WORTH—Pardon Trademark Property Co. if it hardly has a chance to stop and take a breath.

AUSTIN—Retail Properties of America Inc. (RPAI) recently made a big purchase with the acquisition of 181,000-square-foot Cedar Park Town Center from The Ainbinder Co. for $39.1 million. With the Austin MSA firmly part of RPAI's long-term strategic plans, GlobeSt.com's Anna Caplan recently caught up with the firm's Michael Hazinski, vice president/director of investments – West region to find out more about the deal.

HOUSTON—Talk to anyone with knowledge of Houston commercial real estate and all conversation points to the elephant in the room -- the price of oil and how it will affect the city's once-boffo development scene.

WEBSTER, Tex.-- Cushman & Wakefield recently arranged the sale of a 236,854-square-foot regional power center Baybrook Gateway in Webster.

IRVING, Tex.--Berkadia has announced the recent sales of two Texas multifamily properties. Partners Tom Burns and Jay Gunn of the Dallas office negotiated the sale of Burn Brae, located at 4200 W. Northgate Drive in Irving. Northgate Investors LLC of Avon, Conn., purchased the asset from The Chancellor LLC of Las Vegas.

AUSTIN-- A joint venture between Dallas-based The Rainier Cos. and Birmingham, Ala.-based Harbert Management Corp. (HMC) has purchased Southpark Meadows III, a 257,988-square-foot class A super-regional power center, for an undisclosed price.

HOUSTON--Cousins Properties Inc. has signed two large lease extensions in Houston totaling approximately 216,000 square feet. The tenants are Direct Energy and Cox Radio.