DALLAS-Croesus Partners takes the lead in an investment group to acquire the Fredericksburg Inn & Suites in the Texas Hill Country. A three-year loan for about $3.9 million turns the deed after perseverance lands a lender, but an 8% fixed-rate interest.

DALLAS-Ross Perot Jr. tips the NAIOP crowd about starts in Uptown and out of town. In the coming months, Alliance will get another 800,000 sf while Victory advances with 225 apartments, 110,000 sf in two mixed-use buildings and a 300,000-sf office building.

NORTH RICHLAND HILLS, TX-The 62-employee firm, with offices in Salt Lake City and North Richland Hills, adds Greg Moe as its first director of retail architecture to lead an initiative to tap the market nationally and regionally.

CARROLLTON, TX-Buyer TIG Financial snares its first property this year as it accelerates a buying plan for one million sf of industrial product. The single-tenant building, once home to CertainTeed, will get cleaned and converted to multi-tenant use.

DALLAS-BGK Properties takes out a 10-year loan for $14.3 million to finance the acquisition of the 95%-leased Hunting Ridge Apartments in a quietly transacted sale by locally based Tonti Properties, ending a 16-year hold on the North Dallas asset.

TEMPLE, TX-Kennis Ketchum of Portfolio Development buys 14.5 acres with frontage on the Wildflower Country Club to build 220 market-rate units, adding the first apartments to the golf course community and a city in need of high-end product.

GRAND PRAIRIE, TX-A limited liability company from Dallas seizes the upside opportunity in the 85%-leased Williamsburg Apartments, off Interstate 20, paying $26,316 per unit for an 8.4% cap rate.

IRVING, TX-Richard J. O'Brien suddenly ends a three-year run as EVP and CFO to head back to Connecticut with his family, FelCor's president and CEO says of an amicable split. FPL Advisory Group will lead the search to find a backfill within 60 days.