KINGWOOD, TX-The first class A office space to rise in more than 20 years will go up on 30 acres at the intersection of US Highway 59 and Kingwood Drive. Construction begins in March on a 40,000-sf building, the first of three in the 200,000-sf development.

PHOENIX-LaPour Partners Inc. drops $11 million for 57 acres at the southwest corner of 7th Avenue and Pinnacle Peak Road. The developer intends to build 524,000 sf on 35 acres and sell the rest.

PHOENIX-LaPour Partners Inc. drops $11 million for 57 acres at the southwest corner of 7th Avenue and Pinnacle Peak Road. The developer intends to build 524,000 sf on 35 acres and sell the rest.

PHOENIX-Prisma Graphic Corp. signs a 126-month lease for 63,000 sf at Phoenix I-10 Business Park, a 113,000-sf warehouse that jumps to full with the deal. The May 1 move will add 28,000 sf of extra production room.

TEMPE, AZ-Cutler Commercial, teaming 1031 Exchange money with a $950,000 loan, acquires the two-building Southern and Hardy office property. The 23,750-sf complex is fully leased until 2008.

THE WOODLANDS, TX-Huntsman LLC adds 26,400 sf to a 158,400-sf foothold in Waterway Plaza II, taking the space from Pantellos Group LP so it can shift into a smaller office at Waterway Plaza I.

COLLEGE STATION, TX-The 303-room Hilton College Station & Conference Center passes to McLean, VA-based JER Partners for $21 million. The seller is an investment partnership between Miami-based LNR Property Corp. and Northbrook, IL-based Lane Hospitality.

SPRING, TX-A 304-unit complex gets $10.8 million to retire an expired construction loan and provide capital for repairs. In arranging the seven-year loan, Morgan Stanley Mortgage Capital inks its first refinance for an affordable housing project.