HOUSTON-Michelle Wogan exits CB Richard Ellis' Houston office after 18 years and heads to Transwestern to set up a three-member team with a focus on her specialty, the office market.

HOUSTON-The nearly full Gulfbrook Plaza sells at a 10% cap rate with a 23-tenant roster that includes a newly signed five-year lease as a deal sweetener. With 1031 Exchange funds in hand, the Houston seller is now looking for a replacement property.

HOUSTON-The owner of the 16,000-sf center at 2020 Fry Road secures a five-year, non-recourse loan at a 78% loan-to-value ratio. The new financing comes with a sub-6% fixed-interest rate and 25-year amortization.

HOUSTON-Planning a CBD address change, Cohen, Gorman & Putnam will get keys May 1 to a 7,495-sf office at 1010 Lamar St. and exit 3,000 sf at 808 Travis St. The downtown law firm signs for the long term in the 74%-leased building.

HOUSTON-Lexington Corporate Properties Trust takes keys to more than one million sf in four office buildings leased to Baker Hughes subsidiaries. Part of the deal requires picking up a quartet of first mortgages with 2015 payoff dates.

HOUSTON-AmREIT works through the legalities to buy out dual ownership in the 45-acre West Road Plaza. As the deal closed, the REIT jumped into a renovation and began negotiations with national retailers eyeing two empty boxes.

HOUSTON-The Rice University/West U's topnotch demographics help the owner of a 7,908-sf shopping center garner financing from JPMorgan Mortgage Capital. Priske-Jones Investments' new vehicle is a 10-year loan with a sub-5.5% interest rate.

HOUSTON-A 23,190-sf medical property in west Houston has been sold to a 1031 Exchange buyer for $2.5 million. The seller's lender cancelled the prepayment penalty and recast the loan as a part of the deal.