TEMPE, AZ-Lowe's Enterprises signs a new tenant for one of the remaining offices available at its 68,306-sf office tower in Tempe's CBD. Coming on board is Option One Mortgage, an Irvine, CA-based subsidiary of H&R Block.

PHOENIX-FBM Gaming of Las Vegas will use its part of the 75th and I-10 Commerceplex as a distribution base for slot and video machines. It's one of two pacts closed of late by Lee & Associates Arizona brokers.

HOUSTON-Martin & Martin Real Estate Partnership acquires 54.5 acres in the city's northwest submarket while the Woodlands Academy takes control of 30 acres along Kuykendahl. The partnership is eyeing an industrial project on part of the tract.

PHOENIX-Southwest Behavioral Health Services will move into an office at Palmcroft Place along Seventh Avenue. Environmental Management & Consultants takes an industrial location along 51st Avenue.

PHOENIX-This time, it's Marcus & Millichap saying the metro market has far more product than demand. Vacancy is pushing 19%, with forecasters saying it will reach 21%. No change is predicted until early 2003.

HOUSTON-Developer Ainbinder Co. takes out a two-year, full-recourse loan with a 75% LTV on 130,015 sf of a 300,000-sf center at the junction of US Highway 59 and Grand Parkway in Houston. A 78,000-sf H-E-B anchors the project.

PHOENIX-This time, it's Marcus & Millichap saying the metro market has far more product than demand. Vacancy is pushing 19%, with forecasters saying it will reach 21%. No change is predicted until early 2003.

HOUSTON-Moody Rambin Interests wins a 136,000-sf assignment from Cohen Bros. Realty Corp., owner of the 525,000-sf Decorative Center in the Galleria submarket. The owner will continue leasing the showroom and Moody Rambin gets the balance.