SUGAR LAND, TX-Developer Sugarland Properties relinquishes a fully leased, 23,230-sf building on three acres in its 43-acre Town Center Lakeside to first-time commercial real estate buyer, MG Capital of Houston.

PEARLAND, TX-Ram Chemical & Supply ground leases a pad site for the long term in the Crossing at 518 shopping center to build the chain's 23rd store. Meanwhile, the broker is working out details for several other pad sites in Texas.

HOUSTON-An Asian restaurateur opens in a 1,300-sf spot at Beechcrest Shopping Center and a driving school, Speed Demon, takes 900 sf at Village Green. The new tenants commit for five years.

HOUSTON-An investment group from Honolulu gets the purchasing power from JPMorgan Mortgage Capital in a 30-day loan processing by arrangers in Portland and Houston. The 10-year loan, with a sub-6.25% fixed-interest rate, has a 75% LTV.

McALLEN, TX-AmREIT and an investment group, led by Hidalgo County Judge Ramon Garcia, will develop a 42-acre project on what is viewed as a prime site in a fast-growing city. The tab's being fine-tuned, but similar projects cost as much as $40 million to build.

HOUSTON-Wes Walters Realty grabs another property in town, getting the 90%-leased Commerce Park North and an extra 2.3 acres for future development. About $250,000 will go into upgrades.

HOUSTON-AmREIT and Jefco Development kick off the 61,000-sf first phase for the Gardens at Westgreen. Pre-leasing is resting at 45% so if all goes as planned a second phase, 40,000 sf, could get under way in 90 days.

HOUSTON-BH Properties offers $3.3 million in cash and a quick close to outpace competitors for the 124,704-sf shopping center along Uvalde Road near the ship channel. Another $1 million or more will go into readying the asset for repositioning.