HOUSTON-The owner of Lee Stationery & Office Supply has acquired 1.5 acres along Harrisburg Boulevard for a corporate office site. A smaller land buy puts less than acre into the hands of a private investor.

PHOENIX-CB Richard Ellis brokers across the board are playing it safe and saying metro Phoenix will follow suit with the rest of the nation as conditions look to improve at midyear. Office vacancy could reach 19% before a rebound takes root.

HOUSTON-A Texas and New York City partnership sells the last of eight properties, part of an ongoing disposition. The final sales are 7207 Regency Square, 12000 Richmond Ave. and 17171 Park Row.

MESA, AZ-The 21-year-old, class B minus complex reaps $1.3 million for its California seller. The Mesa property had a good cap rate, is in good condition and boasts an average monthly rent equal to the metro average.

SCOTTSDALE, AZ-American Reliable Insurance is following the forecasters' advice and staying put at Scottsdale Executive Park II. The five-year lease is crafted by a Cushman & Wakefield of Arizona three-broker team.

HOUSTON-A 10-year tenant at Plaza Del Oro renews a 30,450-sf warehouse lease. The Harris County Library uses the facility for a 25-site distribution base.

GLENDALE, AZ-Asset Management Outsourcing likes its 6,026-sf home in the 202,000-sf class B suburban office building in Glendale. The 28-year-old building, owned by a Phoenix limited liability company, is 80% occupied.

HOUSTON-Koll Bren Schreiber holds onto a 3,812-sf tenant, who has added another 2,345 sf to its long-term pact at Bridgewood I. Patterson-UTI Drilling Co. is North America's second-largest operator of oil and gas drilling rigs.