HOUSTON-The Kings Row Apartments secures a refinancing loan that includes more than $950,000 to upgrade the South Houston affordable housing project. The Chicago-based owner takes a 35-year amortized loan at a 6.65% interest rate.

HOUSTON-L.J. Melody's managing director, Tom Fish, says the city looks "terrific" in comparison to other markets. Investors' interest is high, financing is available and yes, underwriting is as tight in Houston as it is elsewhere.

HOUSTON-Atlanta-based Post Properties wraps up construction on a 193-unit second phase amid 86% leasing for the high-rise luxury units. Post Midtown Square at 302 Gray Ave. near the CBD should be stabilized before the year's out.

HOUSTON-Blackmon Mooring's growth drives its second space increase in six months. The latest expansion adds 49,235 sf to the Fort Worth-based restoration firm's North Houston location in the Beltway 8 Business Park.

HOUSTON-Another small building changes hands in a market where buying is a steadily increasing trend among the small-user crowd. An upscale beauty salon and cosmetics retail center heads will open at 2814 S. Shepherd St. Negotiations started at $750,000.

HOUSTON-L.J. Melody's managing director, Tom Fish, says the city looks "terrific" in comparison to other markets. Investors' interest is high, financing is available and yes, underwriting is as tight in Houston as it is elsewhere.

HOUSTON-Indital US acquires a 55,000-sf industrial facility with a dual-pronged purpose: manufacturing its Italian architectural forged steel components and distribution. The firm will relocate from two leased sites.

HOUSTON-Houston is definitely tracking countercyclical to most other cities. The office investment market had its best year for quite some time. Forty transactions for 7.5 million sf and values of nearly $641 million closed in 2001.