HOUSTON-Camden Property Trust will pay $434.4 million in cash, issue 14 million new shares and assume all debt of Summit Properties in exchange for 14,000 apartment units, a multifaceted tact that reduces Camden's NOI risk to single digits in any one market.

HOUSTON-A Behringer Harvard exec says the 507,247-sf Travis Tower's in-place pacts held strong appeal for its first CBD purchase, with the lead tenant's 55% foothold safe for at least five more years and less than 1% of the balance rolling in the coming three years.

HOUSTON-The oilfield services firm will consolidate three offices into the 146,765-sf Sage Plaza along Memorial Drive. Talks began in January after several others eyed the asset, bought a year ago and taken only to single-tenant users.

RICHARDSON, TX-Opus Communities Inc. has placed a letter of intent to acquire Dallas-based Tower Group Inc., a 35-year-old development firm of residential, retail and office product. Meanwhile, talks are underway with two other builders.

RICHARDSON, TX-InvestWell, formed last year by the merger of four local companies, takes down class B space, empty at least a year, at 1702 N. Collins Blvd. The three-year lease goes into effect Nov. 1.

LANCASTER, TX-Land sales begin with three developers of a 1,500-acre, mixed-use plan that's likely to break ground in six months. Harvest Real Estate Partners, the development side's point man, gets the first take-down, including commercial land.

PLANO, TX-Dunhill Partners swoops in for a quick close after Bally's re-ups a 20-year spot in the 151,000-sf Town Square Shopping Center. A new equity partner kicks in $2.2 million, with most of the balance in a five-year loan with a 5.3% fixed-interest rate.

FORT WORTH-Trophy Investments stages a coup for a 274,000-sf, nine-building package on five city blocks that many tried to get and couldn't. Marry the street talk to developer's talk and the full play will cost $40 million, give or take.