ARLINGTON, TX-Developer Provident Realty breaks ground on the 248-unit Rush Creek, which has been on the drawing boards in one fashion or another since 1998. CharterMac and Related Capital pay $23 million for credits to get the project going.

ARLINGTON, TX-Philippson Management Co. bests the competition with a check of more than $1.6 million for a 39-year-old complex in good condition and a location adjacent to a university parking lot.

PHOENIX-Branch Realty of New York City secures a 10-year loan with a fixed rate of about 5.6% to acquire Northern Landing from KC Venture Group of Kansas City. The 90%-occupied complex trades with an 80% LTV in a Fannie Mae package.

DALLAS-Gillean Properties Ltd. grabs the 40%-leased Nottingham Apartments, bought out of foreclosure from Lennar. A $1.4-million acquisition jumpstarts about $1 million of improvements.

DALLAS-The big discounters are rewriting the re-leasing playbook to become class A tenants with larger stores to revitalize often-tired centers. Weitzman's across-the-board review has construction down, leasing up and occupancy at 89.7%.

DALLAS-CB Richard Ellis, like others, says job creation is simply a must. There will be growth, but the real estate isn't going to be evenly divided was the message at the forecast meeting in Dallas.

DALLAS-The restructured business center provider hires a turnaround pro to lead a strategic expansion that targets suburbs in existing and tertiary and secondary markets. Stephen A. McNeely, the new CEO, jumpstarts the plan with a 100-city tour.

PHOENIX-US Container Corp. fills the 11,000-sf balance in its recently acquired 85,000-sf building with a financial sweet spot of 27 cents per sf gross on a monthly basis to get an immediate lease-up of its unused industrial space.