FLOWER MOUND, TX-The class A, garden-style project passes from the developer to a Los Altos, CA, private investor, who secures a loan and turns around proceeds from a multifamily sale in San Antonio to get the six-building deed.

IRVING, TX-Jones Lang LaSalle Hotels wins the race for a five-hotel portfolio sales contract, and its first with the Texas REIT, to hawk the first of 33 properties ticketed to go. The 894-room package is situated in Ohio, New York and Arizona.

ARLINGTON, TX-The buyer spends "north of $20 per sf" for the 60,000-sf office/warehouse in the Great Southwest Industrial District. During the negotiations to sell, Mack Trucks did an early lease renewal for the long term.

DALLAS-The Capital Markets Group in Dallas finesses a new synthetic lease for a California tech company, using a US bank and US lessor for a pact that stands up to the feds' new play book. "Substance" gives new meaning to synthetic leases.

FORT WORTH-Andersen Corp. takes 39,884 sf in AllianceTexas for its first Texas distribution center while a local name, Kool Kids, goes for 11,775 sf in Carrollton. One is moving in and the other turns on the lights May 1.

PHOENIX-The firm's 55 Phoenix brokers align with BRE Commercial of San Diego to restructure the office into an affiliate. Grubb's intent is to exercise its option for a one-third share of the operation in a first-time move for the brokerage firm.

GRAND PRAIRIE, TX-Kamco Property Co. acquires a 124-unit, class C complex from a Waco seller who's on the road to retirement. The Dallas buyer takes a 100%-occupied asset before it comes to market after seeing the upside promise.

IRVING, TX-The group acquires its second hotel in a two-year plan to build a 25-property lodging portfolio in major US markets. The national flag, airport-area location and immediate upside opportunity drive a closing in 15 days.