CASA GRANDE, AZ-A 1031 exchange buyer from Phoenix makes a bet on land near the intersection of McCartney Road and Interstate 10. The new owner plans to hold onto the acreage until the highest and best use is determined.

PHOENIX-A US-based investment group went head to head with at least 10 other prospective buyers to get the 484,000-sf, 26-story One Renaissance Square. If the deal stays on track, the $130-million deal closes this quarter.

HOUSTON-Equity Resources of Birmingham, AL collateralizes the $50.5-million, five-year, interest-only loan with the 95%-leased Villas at West Oaks and 96%-occupied Lodge at Kingwood, a package deal picked up 18 months ago.

HOUSTON-Equity Resources of Birmingham, AL collateralizes the $50.5-million, five-year, interest-only loan with the 95%-leased Villas at West Oaks and 96%-occupied Lodge at Kingwood, a package deal picked up 18 months ago.

BRYAN, TX-Cencor Realty Services begins work on the 111,600-sf Colony Park Shopping Center, anchored by a 74,000-sf Kroger Signature grocery store. The city's newest shopping center is scheduled to open in first quarter 2006.

HOUSTON-The New Orleans-based Seismic Exchange Inc. decides to build out a second 2.4-acre tract to expand its six-year-old, class A office building in Westway Park. The firm's plan is to add 32,000 sf onto the 51,000-sf building.

LOUISVILLE, KY-Kentucky Fried Chicken cooks up strong sales for Yum! Brands Inc.

PHOENIX-The San Rafael, CA couple puts up $1.6 million for the class C Casa Loma Apartments, besting 13 other prospective buyers who lined up for the listing. With the deal done, the 97%-leased complex is ticketed for some exterior upgrades.