GRAPEVINE, TX-A San Antonio company commits to the 11.5-year balance on the master lease between Qwest Communications and ING Clarion. The deal delivers a "plug 'n play" setup in the $15 per sf triple net range.

IRVING, TX-A second run at the markets in two months again produces more capital than anticipated for the lodging REIT. And as before, the fresh money, with an 8.5% dividend yield, will be used to replace 2008 notes bearing a 10% annual rate.

PHOENIX-In an off-market sale, Vatnsdal Investments buys a 61,234-sf flex building, fully leased to the University of Phoenix and Securitas Corp., in Riverpoint. The sale comes eight months after the university took the majority of the 70-acre development.

DALLAS-JPI gets $150 million from JPMorgan Chase, $135 million from Citigroup and $46 million from RAIT in five-year loans arranged by NorthMarq's Dallas office. The 13 class A student housing complexes, situated near major universities, contain 11,203 beds.

DALLAS-Global Views takes the balance of a 247,270-sf building at 7301 Ambassador Row, getting dead storage space for an expanding lineup of decorative accessories bought for the US trade show circuit. A long-term, co-terminus lease turns over the space.

RICHARDSON, TX-Two leases in the Telecom Corridor and one in Addison seal off the class B and flex space for the next five years. The largest lease is a renewal by an eight-year tenant who adds 3,400 sf, accounting for nearly half of the trio's grand total.

IRVING, TX-FelCor is riding the wave to exit tertiary markets, reduce its Texas risk and lower debt while eyeing a few buys along the way. A new report shows FelCor's far from alone. The industry's already doubled last year's volume: 58 sales and $7.5 billion.

NORTH RICHLAND HILLS, TX-An independent home furnishings retailer and Richland Centre's owner rip up their 20,025-sf lease and begin work on the region's newest retail attraction. The independent will re-christen her 14-year location Sept. 2.