HOUSTON-A longtime industrial pocket is swinging part of its stock to multifamily residential development as builders and investors pick up the pace to buy blocks of vintage product with views of the city's arenas and high-rises.

DALLAS-After an 80-day escrow, Aslan Ventures makes the close and re-christens the buy to Aslan La Valencia, getting a 94%-leased asset with the quickest lease-up record on JPI Texas books. Assessed at $25 million, La Valencia carried a $29-million ask.

THE WOODLANDS, TX-The drug store chain, readying to re-brand Houston-area Eckerd stores, inks a short-term lease with a month-to-month pickup to store temperature-sensitive inventory in a "for sale" building, bought a month ago with the intent to flip.

DALLAS-Flair Corp. has started moving into 9029 Governors Row, jumpstarting a downsizing and sale of its office/warehouse in Irving. The inbound tenant signs a five-year lease after two months of negotiations.

DALLAS-The Dallas Telco Federal Credit Union hopes to exit the CBD by November's end for 18,651 sf at 5429 LBJ Freeway. The stair-stepped lease bears an effective rate of $15.17 per sf and expansion options that include first-floor retail space.

DALLAS-Calvin Hull, marking two years as a Billingsley Co. partner, cuts a new deal for a senior vice president's role with Staubach's corporate services group. He says the move is based on the "leasing opportunities" as a tenant's rep versus working the owner's side.

CLEAR LAKE, TX-Trizec sheds a class A suburban straggler in its Houston portfolio after a firm offer drives the three-year lead tenant to exercise its right of first refusal. Trizec's free to focus on its CBD core and Boeing gets ample room to expand.

ARLINGTON, TX-In an early renewal, the Texas Health & Human Services holds onto the second floor of Bank One Center, a class B office building with a three-year track record of 100% occupancy. Coming up soon will be a 6,100-sf opening.