DALLAS-The city's "best small hotel" and historic landmark, the Melrose Hotel, has secured a $24-million refinancing. GMAC's Philadelphia office arranges the deal for the home-away-from-home to the stars through Delaware Investment Advisers.

FT. WORTH-City officials gather this morning to kick off the razing of the Lancaster Avenue Bridge, an interstate span and a barrier to the south side's revitalization. In the end, the two largest job areas will be linked. With it comes a record-setting building permit year.

DALLAS-Chicago Title's Dallas team has three new players, all recognized leaders in the title-closing industry. Dan Lorimer is the new VP; Joycelyn Armstrong, closer; and Rebecca Conrad, commercial counsel. Wyndham too adds a new VP and general counsel.

TUCSON, AZ-General Growth Properties spends $180 million to enlarge its retail footprint in Tucson in a deal that puts $73 million in cash into the coffer of Forest City Enterprises. Projections call for Tucson Mall to generate $15 million in NOI in 2002.

GRAPEVINE, TX-Construction crews are off and running on a 32,000-sf Last Call from Neiman Marcus, the first of the retailer's off-price locations in North Texas. The latest addition to the 1.5 million-sf Grapevine Mills opens in spring 2002.

RICHARDSON, TX-The same investment team that bought Midtown's Phoenix has roped the class A Richardson Office Center II. Four more properties are being eyed for clients of Principal Capital Real Estate Investors of Des Moines.

DALLAS-In a survey of 2.8 million apartment units, M/PF Research in Dallas says the impact of a slowing economy has started to invade the multifamily sector. Rent growth has slowed as a tact to keep occupancy high. The nation's average is pegged at 96.1%.

DALLAS-In a survey of 2.8 million apartment units, M/PF Research in Dallas says the impact of a slowing economy has started to invade the multifamily sector. Rent growth has slowed as a tact to keep occupancy high. The nation's average is pegged at 96.1%.