THE WOODLANDS, TX-The Woodlands Financial Group turns on lights in an 8,446-sf office in the Woodlands Mall. The second-floor lease, inked for the long term, takes the 40,000-sf office component to 50% occupancy.

PHOENIX-Gray Development Group and Monterey Homes partner on the $26.8-million acquisition of 33.3 acres auctioned by the state. The land plan calls for 600 apartments and 200 condos to go up near Mayo Boulevard and 68th Street.

PHOENIX-Gray Development Group and Monterey Homes partner on the $26.8-million acquisition of 33.3 acres auctioned by the state. The land plan calls for 600 apartments and 200 condos to go up near Mayo Boulevard and 68th Street.

HOUSTON-The 1031 exchange buyer from Palm Springs, CA, staking a first claim in Texas, pays $13.3 million to a local seller for a class A industrial build-to-suit, leased for another 12 years to Corporate Express Inc.

TEMPE, AZ-After just two weeks on the market, Desert West Plaza, garners three offers. A 1031 exchange buyer from Bainbridge Island, WA wins the deed with a $1.7-million offer for the 11,465-sf asset.

PHOENIX-Western International University takes dibs on the first class A space to rise in at least seven years in the Thunderbird Drive corridor. The seven-year pact has a payout of nearly $3 million.

McALLEN, TX-The Oak Brook, IL-based REIT makes its second acquisition in the Rio Grande Valley, paying $29.2 million in cash for its neighbor. The new purchase encompasses 215,220 sf of the 249,635-sf, 86%-leased Trenton Crossing.

THE WOODLANDS, TX-Barlett Medical Partners LP will buy six acres within 15 days for a second building at Pinecroft Medical Plaza. The developer, holding commitments for 30% of the class A space, plans to break ground in the summer.