STAFFORD, TX-After sitting on the land for roughly 12 months, the partnership starts work on a trio of class A buildings estimated to cost $11 million to $14 million to develop. The Stafford Park Business Center space will deliver in August.

TEMPE, AZ-Kuenster Enterprises snaps up a 35% vacant, class B apartment complex with a historical 90% occupancy near Arizona State University. The firm, making its second buy in the Valley, spends $2.9 million on Hayden Lane Apartments.

PHOENIX-Freight Terminals outgrows existing space and purchases 26 acres of rail-served land in the Southwest Valley. The seller reviews four offers before accepting the Lakeland, FL-based firm's $2-million-plus proposal.

HOUSTON-AMC Delancey Group Inc. ventures into the city with the $1.4-million purchase of a 32,100-sf industrial building. Within 30 days, the Philadelphia-based investment firm expects to flip the vacant space to a long-term tenant.

HOUSTON-A bankruptcy court approves the home décor retailer's extension for its $70 million debtor-in-possession financing.

PHOENIX-Falcon Real Estate, marking a second buy in the Valley, lays down $14.9 million in cash for a 103,667-sf, class A office building leased until 2016 to EaglePicher Technologies. Crown West Realty is the seller.

PHOENIX-Falcon Real Estate, marking a second buy in the Valley, lays down $14.9 million in cash for a 103,667-sf, class A office building leased until 2016 to EaglePicher Technologies. Crown West Realty is the seller.

HOUSTON-A San Diego-based tenants-in-common group, comprised of five family trusts, puts up $4.8 million for its first Texas deed, the 21,120-sf New Forest Crossing. The four-year-old space is fully leased to national and regional tenants.