HOUSTON-A New York City owner closes out a seven-year loan with a new 10-year financing, using the Meadowridge and Villages of Westridge complexes as collateral. The borrower gets a lower interest rate and rehab capital.

SUGAR LAND, TX-The 164,057-sf RiverPark shopping center secures a $31.8-million loan from GE Capital Real Estate to replace construction financing. The center's 95% pre-leased status helps in securing the 10-year loan.

HOUSTON-The 689,000-sf, 33-story Calpine Center, dodging bullets that have hit other Downtown office properties, premieres this week with 85% of its office space committed to top-tier tenants.

HOUSTON-A granite and marble countertop firm has leased a 7,460-sf building on Clay Road in northwest Houston. The company has signed a medium-term lease and expanded from its previous lease by over 2,000 sf.

HOUSTON-Two office leases, one to a technical recruiting firm in the Galleria and another to a design group in Greenway Plaza have filled 4,608 sf of office space in Houston.

HOUSTON-Private investors from San Francisco have exchanged an apartment complex in their hometown for a 143-unit southwest Houston complex called Beckford Place. The buyers paid within 97% of the $4.9 million listing price.

HOUSTON-The low rents in service center space, relative to that of standard office space, have attracted and retained a standard office user. A real estate data company has signed a five-year 6,050-sf lease for space in the Legacy Park Business Center.

HOUSTON-TVO Realty has sold its eighth Houston multifamily property, the 400-unit Stancliff Park. The owner has another Houston area property currently under contract and one still remaining in its portfolio.