SPRING, TX-A 68,000-sf shopping center acquisition in Spring has been acquired by a developer looking to bring 310,257 sf of new retail to the Houston suburb. Cypresswood Court Ltd. is the official buyer, but Houston's SJW Property Commerce is the developer.

HOUSTON-A Jones Lang LaSalle VP has exited to come on board as overseer of Crescent Real Estate Equities' 4.3 million-sf Greenway Plaza. Warren Savery assumes the role of leasing manager in a move that voids a third-party contract.

HOUSTON-EastGroup Properties has signed a new tenant for 36,592 sf at one of 10 buildings in its Houston International Business Center. VT Controls will relocate to the North Houston industrial building from 14900 Woodham Dr.

HOUSTON-Construction crews descend on the 75-acre Cole Creek Business Park, where a 197,800-sf spec industrial project leads a planned seven-building development. A February 2002 delivery is set for the northwest submarket undertaking.

SUGAR LAND, TX-A Houston manufacturer of equipment for oil, gas and petrochemical processing is leasing a 26,145-sf build-to-suit in Sugar Land. Griffin Juban Interests is the developer on Hudson Products Corp.'s warehouse.

HOUSTON-BISYS Inc., headquartered in New York City, is holding tight to 46,798 sf at 11 Greenway Plaza, owned by Ft. Worth-based Crescent Real Estate Funding III LP. The tenant is a financial industry outsourcing firm with 15,000 clients worldwide.

HOUSTON-Four of Houston's favorite sons and business legends are being inducted into the 2001 Texas Business Hall of Fame. Hailing from the commercial real estate ranks is the 73-year-old Stanford Alexander, chairman of Weingarten Realty Investors.

HOUSTON-A group of Houston investors sells its 18,000-sf office-warehouse property to a Houston-based fertilizer manufacturer and distributor. Nitro-Phos will relocate its corporate office from Cullen Boulevard to its acquisition at 2600 Callie.