GRAHAM, TX-The town of 9,000 is planning to unveil its first spec project in three decades. As an enticement, the city has OK'd a floor rate to the successful broker, regardless of the selling price for the $600,000 "field of dreams.

DALLAS-Come November, the US subsidiary of ING Real Estate will be getting 35 million sf, Crow Holdings' CEO and practically the whole staff. The team, which stays in Dallas, forms the management nucleus for Clarion's first new REIT in three years.

HILLSBORO, TX-The 96%-occupied Rosemont at Hillsboro stands as collateral for the Freddie Mac loan backed by $5 million in equity for tax credits. The 18-year financing, with 6.30% interest, has an LTV of 90%.

IRVING, TX-SigmaRx, a respiratory health-care company, moves into 4343 Royal Lane, filling space that's been vacant for a year due to a relocation by SimplexGrinnell. The contract covers the balance of the space and the term.

FORT WORTH-Interstate Hotels & Resorts will take on the task of trying to reposition a 286-room hotel and conference center, which has been under the gun since it opened October 2001. Just four days ago, the facility was part of an asset return.

DALLAS-The Ewing Townhomes' developer secures financing through Freddie Mac, with Wachovia Securities buying the tax credits. The 18-year loan is a credit-forward financing with an 18-year term and locked-in interest rate of 7.42%.

AUSTIN-It could be a glitch, but it's still a welcome sign in the capital city. A Q3 office analysis shows an up-tick of 397,926 sf, thanks to keys turning over in the southwest submarket. Austin's overall vacancy is 22.2%.

DALLAS-It's taken 10 months, but Teradyne Inc. finds a sublease tenant for the three-year balance of its commitment to Miramar Development's 10th Street Business Park. Precision Communications has started its phased-in move-in.