DALLAS-Lennar Partners spends a year priming the property for sale, pumping $475,200 into clearing up code violations and disposing of a lawsuit. A local buyer takes over the deed with a $1.7-million loan, allowing another $200,000 for interior upgrades.

KELLER, TX-The six-acre Smithfield Crossings will rise as the first upscale retail space in a suburb brimming with the usual big box names and fast-food eateries. The plan is to break ground in the fourth quarter on a three-building, courtyard-style development.

DALLAS-Rexel Inc. makes the move in September, shifting the team right across the street into one of Hillcrest Oaks' twins. Three months of talks rope a 53,826-sf, long-term lease at a rate higher than some competitors, less than the quote and definitely market.

DALLAS-Cliff Booth, president of Westmount Realty, hangs a "for sale" sign on the 1912 downtown treasure, which spent its first 50 years as a railroad headquarters address. Today, it's a 77%-leased, multi-tenant building favored by attorneys.

DALLAS-Brama Ventures goes the full ask of $11.7 million for the 82%-leased Surrey Row Apartments, now in line for a $1.2-million makeover. The tax credits begin to burn off in December and wrap up at the end of 2005 to transition the complex to market rate.

FORT WORTH-PNL Cos. reconsiders options after announcing a plan to convert two office towers into condos. The plan gets flexibility when a large lease in the CBD practically wipes out all large blocks of available class A space. For the right user, just one will change.

CARROLLTON, TX-CBiz Property Tax Solutions will pick up stakes at 1611 N. Stemmons Freeway and move into 2009 Chenault Dr in a lateral submarket move. The long-term lease for 15,243 sf pushes occupancy to 80% in a "for sale" office building.

FORT WORTH-PKF Consulting and Source Strategies doubt the city's ability to sustain 900 more hotel rooms--all in the shadow of the convention center. City leaders welcome two projects, but analysts say a 300-room Embassy is a dire threat to a 600-room Omni.