SOUTHLAKE, TX-The Beverly Hills, CA-based investment group pays close to the $2.3-million asking price for the one-year-old Pecan Creek Shopping Center. The 11,372-sf building was fully leased to three tenants at closing.

ADDISON, TX-Encore Payment Systems turns on lights in Addison Technology Center, penning a five-year lease for a now-filled AMB Property building. The quick-turning office flex deal ends up below $7 per sf triple net.

DALLAS-Shea Commercial is negotiating for more condo sites in North Dallas, scouting Fort Worth and pushing projects in Las Colinas. This year's 400,000 sf goal has been topped; next year could bring another 500,000 sf. And then, Shea looks at San Antonio.

DALLAS-PRG Realty will sell 1.4 acres of hard-to-come-by land in a replacement strategy for a medical office project. Shea, set to start a project five miles away, will build a professional office building, its first three-story design and let PRG share in the profit.

FORT WORTH-Hospitality Management Corp. of Dallas gets the 284-room Green Oaks Hotel contract two weeks after the owner hands over its 131-room Days Inn in nearby Irving. With half of the rooms already renovated, the first task is to finish the balance.

ARLINGTON, TX-But, the real test comes Nov. 2 when voters decide on a set of financial terms that includes a sales tax hike. The mayor says it will be a hard battle to the finish, but believes the Dallas Cowboys' stadium ultimately will earn a city berth.

HOUSTON-Sources say the buyer "came out of the clear blue," racing past others in a week's time and forgoing due diligence to get two blocks in the REIT's prized possession, Houston Center. First reports priced the sale at nearly $100 per sf, but the latest word is $144 per sf or more.

DALLAS-The Commerce, CA-based chain takes about 25,000 sf in 62,000-sf stores, anchor space in two shopping centers bought earlier in the year. The Tabani Group floats a "full commission" offer to fill the balance of the blocks.