RICHARDSON, TX-Jim Lake Cos. goes from contract to close in 45 days, besting seven others with a plan to convert the 75,000-sf, single-tenant property into multi-tenant space and tag it at $5.50 per sf. With the deal done, demolition has just kicked off.

DALLAS-Hamlin Holdings takes $837,500 or $187,500 less than the assessment from a local private investor who outbids a dozen others for the 50-unit, 80%-leased Villa Garrett Apartments. The seller's requirement for a 21-day close puts cash on the table.

DALLAS-Panda Express' parent will put upward of $200,000 into retooling two Italian eateries to put its brand on the locations. A Fazoli's store in Carrollton goes for $1 million and one in Bedford pulls $825,000.

FORT WORTH-Encore Acquisitions takes 23,199 for a third floor in Carter Burgess Plaza and States General taps 22,604 sf. Both stack up as headquarters expansions in complex deal-making with Carter & Burgess and Crescent.

CEDAR HILL, TX-The 299,783-sf deed to the Plaza at Cedar Hill passes to Kite Realty after a long drawn-out assumption process for a $27.5-million loan with 7.5 years left on the term. The first retail block, 43,500 sf, rolled in late June.

FARMERS BRANCH, TX-KidKraft gets the 60,280-sf balance to a 110,000-sf warehouse while the exiting Inside Out Shop lights 21,038 sf of warehouse space closer to its stores. To make the deal happen, a lease is ripped up four years early.

DALLAS-Delta's hold on Dallas is 28 gates in Terminal E, with leases in place through 2009. The airlines' barebones slashing to "de-hub" Dallas and eliminate 235 daily flights has DFW officials already in talks with replacement tenants for any dark gates.

HOUSTON-RJC Holdings Inc. refinances the 136-unit One Pine Apartments after selling two complexes to build a buying pool for a larger multifamily property. The refi of nearly $2.2 million has a 10-year term and 6.51% fixed-rate interest.