PEORIA, AZ-Presson Corp., tackling its first ground-up project, spends $3.1 million for 15.9 acres with two full-diamond Loop 101 interchanges at each end of the property. The three-building Loop 101 Commerce Center will break ground in first quarter 2005.

HOUSTON-The popular retailer makes a long-term commitment for an under-construction 450,000-sf center in a high-growth pocket in the far northwest submarket. The retailer expects to open doors in January 2005.

GOODYEAR, AZ-RDB Development and Construction will deliver the flex office, warehouse and retail space in March 2005, picking 15 acres near the city's town center for its ninth project in the metro.

HOUSTON-A local investor and one from Austin swap $1.1 million and the deed to the fully leased Museum Place, an Inner Loop property developed in 1963. The mix of one- and two-bedroom units have monthly rents of $475 and $775.

PHOENIX-GE Real Estate and the Muller Co. seize the opportunity to take over the 425,000-sf Pointe at Squaw Peak, buying the note from GMAC Commercial and foreclosing a month later. Occupancy jumps to 57% before any upgrades are made.

HOUSTON-Juniper Investment Group pays about $2.3 million for the 164-unit Bristol Court and close to $2.4 million for the 154-unit Woods of North Park. The value-add buyer gets the deeds from Aimco.

PHOENIX-Grace Land & Development pays $3.7 million to Eastbourne Investments for vacant land at the corner of 35th Avenue and Baseline Road. With the land sale done, pre-leasing has begun on the Village at Laveen.

HOUSTON-The store will open in mid-October in 60,000 sf of a 110,000-sf box vacated two years ago by Target. MegaMarshall's, making a 10-year commitment, is just one of several key retailers snagged for the 300,000-sf Baybrook Square repositioning.