HUNTSVILLE, TX-The 300-unit University Place Apartments stand as collateral for the 10-year Fannie Mae DUS loan, which came with a 5.26% interest rate. The 21-building project, built in 1973, is near Sam Houston State University.

HOUSTON-A California-based limited liability company beats 11 other offers for 5600 Northwest Central Dr. A Lincoln Property partnership takes less than the $3.6-million asking price for the 85%-leased holding.

HOUSTON-Stone Crossing in Houston's Westchase submarket goes full circle: bought in 1998, rehabbed in 2000 and sold in 2003. Several would-be buyers surfaced, but one with ties to Austin and Seattle makes the close.

HOUSTON-The portfolio will get its jumpstart with three office acquisitions: two in New York City and one in Washington, DC. The marriage is intended to be long lasting, with Hines in the driver's seat for property management and leasing after the deals close.

HOUSTON-A division of an ecological consulting firm has moved into 6922 La Paseo Dr. in South Houston, signing a medium-term lease for a structure that's been empty for a year. The owner has now hung a "no vacancy" sign on the two-building asset.

GALVESTON, TX-Sunhill International takes out an 18-month loan to buy five acres and build a 63,000-sf retail center near the University of Texas Medical School at Galveston. The first leg of the project delivers early next year.

HOUSTON-The ribbon cuts in June on an inline spot in Westgate Marketplace, a 292,000-sf center with H-E-B and Kohl's as the anchors. The popular music store retailer will relocate from a nearby site neighboring West Oaks Mall.

HOUSTON-Venterra Realty Management and Lehman Brothers joint venture on a class B multifamily portfolio buy in the Houston region. A $5-million renovation is forthcoming for the three-property, 2,390-unit package.