DALLAS-Griffin Partners of Houston places a contract for $9 million plus for its first deed in North Texas, the 145,886-sf Addison Tower. Due diligence is under way. But, the shopping's just begun, says a buyer wanting 500,000 sf to one million sf in the metroplex.

RICHARDSON, TX-Receiver Prism Hotels and special servicer, Mdland Loan Services, gave final clearance to the sale of the 342-room Richardson Hotel at 701 E. Campbell Road. The existing note was modified to enable assumable financing, an exec says.

DALLAS-Wearing a master developer's hat, a local attorney is launching the Texas footprint for Taco Del Mar, an 85-restaurant chain in eight states and Canada. The first push is underway for five locations by yearend and up to 40 within two years.

IRVING, TX-The 22-year-old building passes to Molina Management, which gets a discounted price after a nine-month wait for a $750,000 buyer. The service center's price is trimmed about 20% to close out the sale of 1901 W. Irving Blvd.

IRVING, TX-The REIT packs the plan with a $475-million tender offer, $175-million redemption and $350-million new issuance. Additional measures, including hotel sales, have been put into play in a stepped-up attack on $1.7 billion of debt.

DALLAS-Standard Pacific Homes' perks include more than six months free rent and a paid move for a 16,000-sf, six-year lease at Las Colinas Corporate Center I. But, the firing pin for the talks is the trade-up to class A space and freeway exposure.

GRAPEVINE, TX-Hillwood closes the book on a build-to-suit contract that went south when online grocer, Webvan, went belly-up before it could move in. GameStop pays in about $13 million and starts planning to invest significantly more in a class A finish-out.

IRVING, TX-AmeriVest assumes a $12.2-million loan with eight years left on the term to get a piece of a favored corporate headquarters submarket. The 114,598-sf, 95.8%-leased Hackberry View in Las Colinas sells with a 9.4% first-year cap rate.