HOUSTON-A newly formed partnership, led by NewQuest Properties' principal Dean Lane, will break ground in the summer on the 45,000-sf first phase to the 61,234-sf Shoppes at San Felipe, planned for a hard corner in the Galleria submarket.

MESA, AZ-A limited liability company with 1031 exchange funds jumps in with an offer for the 80,247-sf Augusta Ranch Marketplace. Anchored by a 54,409-sf Basha's grocery, the buyer spends $16.5 million for a 97.5%-leased, two-month-old shopping center.

HOUSTON-Burrow & Parrott LLP and Crowley, Douglas & Norman LLP ink a three-year renewal for shared space in the class A Fulbright Tower, a 51-story, 1.2-million-sf structure with a 60% occupancy.

DALLAS-For Blockbuster Inc., does company management or investor know best?

PHOENIX-Los Angeles-based SRP Property Inc. spends $3.7 million to get 116 units with a cap rate of 1.25%. The buyer, up against four other investors for the Tierra Del Sol, lays cash on the line and a promise for a quick close to win the seller's nod.

PHOENIX-A 1031 exchange buyer from Monterrey, CA meets the $2.9-million ask for the Holland Boone Shopping Center by assuming a $1.7-million loan with six more years left on the term. The five-year-old center garners nine offers when it hits the streets.

HOUSTON-Glazier Foods is closing out a piecemeal sale of four older buildings as the final step to a recent move into a 200,000-sf headquarters and distribution warehouse. For sentimental reasons, the locally based distributor holds onto its original HQ building.

HOUSTON-Glazier Foods is closing out a piecemeal sale of four older buildings as the final step to a recent move into a 200,000-sf headquarters and distribution warehouse. For sentimental reasons, the locally based distributor holds onto its original HQ building.