SUGAR LAND, TX-The Houstonian Club & Spa's owners, Redstone Cos., leases 12,000 sf in the town square project to test a "lite" concept of its upscale hotel offering that it hopes to take on the road in Texas and possibly to out-of-state metros.

HOUSTON-The owner of the 117-unit Madison Apartments pays off an Oakland, CA lender with Fannie Mae financing. Another $1.7 million will be borrowed within six months, part of which will go to upgrades for fire and safety code compliance.

THE WOODLANDS, TX-McLeod Telecommunications Services rolls a sublease to a direct lease after the Woodlands Operating Co. offers to "considerably revamp the space" to keep the tenant in place at a building that's up for sale.

HOUSTON-Absolute Color moves into 10,000 sf and the Scooter Store takes 4,405, both industrial leases along West 12th Street. The printing company's five-year lease fills a building, which is shared with the owner's seafood company.

SUGAR LAND, TX-The chain's owner reserves a fourth location in the Greater Houston area, joining the line-up at an under-construction center designed solely for dining establishments. The Plaza at Lakeside is now 75% pre-leased.

HOUSTON-Only one in the stack of completed deals is a newcomer: Principal Life Insurance Co., which took 12,813 sf as a consolidation site for two Houston offices. The remaining19,181 sf comes from five-year tenants at 2603 Augusta.

HOUSTON-Inventec reworks its lease with Opus for the second time this year in deal-making that backfills space vacated in January by Best Buy. The extra space allows the company to exit two nearby locations and put all operations under one roof.

HOUSTON-1031 exchange money helps two out-of-state investors pick up 30 units at the 167-unit Timberwood Condominiums.