MONTGOMERY, TX-With a list price of $10.5 million, Montgomery Trace Center is picked off the market by a Las Vegas investment group on the hunt for well-located retail properties. The class A center was 86% leased at sale time.

PHOENIX-Arcos de Oeste, a 19,737-sf office building along 7th Street, trades for $53 per sf to a New York-based investment group that's now prepared to spend another $200,000 to $300,000 on renovations.

PHOENIX-A 1031 exchange buyer from Oakland, CA makes his first purchase in Arizona, spending $3.1 million for the 35-year-old Mission Villa Apartments, a class C asset with just one vacancy.

HOUSTON-The package of promotions brings title changes for executives in Houston, Dallas, Washington, DC and Newport Beach, CA. At the headquarters office, new titles are handed out to Wade Bowlin, John Daily and Douglas Little.

GREER, SC- Ryan's Restaurant Group Inc. hopes to draw customers into its restaurants by doing some exterior and interior work.

MARICOPA COUNTY, AZ-The health-club operator pays $7.3 million for 9.1 acres in the Northeast Valley after spending at least a year looking for the right site for its third location in the region. The 110,000-sf facility will break ground this quarter.

HOUSTON-Stanford Financial Group will shift back-office operations across the street into leased offices at Galleria Tower II to free up space at its headquarters building so the client-services division can expand. The deal is delivered with a 10-year term.

HOUSTON-Stanford Financial Group will shift back-office operations across the street into leased offices at Galleria Tower II to free up space at its headquarters building so the client-services division can expand. The deal is delivered with a 10-year term.