DALLAS-Ashford Hospitality, launched with four capital moves, narrows the playing field to direct hotel investments and mezzanine lending to end its seventh month, with $332 million spent to date and another $46.4 million going out before the month ends.

PLANO, TX-Local developer Reid Properties secures a sub-6%, fixed interest rate from Bank of America in a 10-year financing package that replaces a mini-perm floated to build the 54,000-sf twins for the five-building Legacy Central Business Park.

DALLAS-Hall Financial Group is using corporate capital for a high-yield program tying together mezzanine and first mortgage funds for high-leverage, short-term deals. The program could spin a closing in two weeks although 30 to 60 days are more the norm.

HEATH, TX-Trammell Crow and the Baylor team are bringing out their first project in Rockwall County. The 40,000-sf Baylor Medical Plaza is rising with pre-leasing at 95% and deals for 10- to 15-years. With demand so high, TCC's optioned an abutting six acres.

DALLAS-Cousins Properties leads the pack with three winners in the annual competition, but shares the limelight with CarrAmerica, Capstar, Southwest Real Estate Services and Equity, all owners or managers of award-winning properties.

WYLIE, TX-Urban Investments will build a shopping center on 8.7 acres carved from land lying in wait since the 1980s for development to reach its door. The broker's phone hasn't stopped ringing since Wal-Mart broke ground on a 188,000-sf Supercenter.

DALLAS-Two office renewals and one new deal are cut with long-term commitments for 9101 LBJ Freeway, 2995 LBJ Freeway and 11910 Greenville Ave. One renewal is re-crafted nearly three years early to gain a better rate, sign and expansion rights.

TERRELL, TX-It's a deviation from the developer's normal buy and build, but the opportunity to control Interstate 20 land and take it down as needed was too sweet to pass up. So now, Opus, minus the deed, is marketing land that could support two million sf.