HOUSTON-Milestone Mortgage takes 2,906 sf at 340 North Belt Place while Pipeline Engineering slides into a 2,068-sf sublease with the Lehman Co. for the balance of a long-term commitment at 13831 Northwest Freeway.

HOUSTON-Parsons Energy passes on a build-to-suit and instead signs a medium-term lease for its six-year address, taking 175,925 sf. Another veteran tenant adds 50,000 sf to a 240,000-sf lease and the balance goes to a newcomer.

HOUSTON-The Dallas-based company, in the midst of a real estate disposition, sells an industrial site on the north side to American Engine Installations for its first location in Houston. A $299,000 ticket was hanging on the property listing.

HOUSTON-One is an 8,418-sf structure at 2048 Wirt Rd. in the northern tier while the other is a 3,000-sf building at 23018 Aldine Westfield Rd. in the northwest. The smaller structure is getting a redo into an automotive body shop.

BRAZORIA COUNTY, TX-IP Farms is down to 1,438 acres in a disposition of 22,216 acres once used to commercially produce rice. The fourth closing in recent months for the Chocolate Bay land is made by Tres Bayou Farms.

HOUSTON-The reality is Houston's market has declined although it is outperforming its peers. Investment sales are down, deliveries are up. Rent is at a record high, but the increased costs are undermining owners' take-home pay.

STAFFORD, TX-A California investment group wins the deed to 13100 N. Promenade Blvd., a build-to-suit property occupied by a local plastics manufacturer. The building was on the market for 90 days with a $9-million price tag.

HOUSTON-Veritrust has added a climate-controlled vault in a leased industrial space in the Hempstead Distribution Center in Houston's northwest submarket. About 2,000 sf was dedicated for a corporate office.