MESA, AZ-The Scottsdale-based developer is planning 55,000 sf to 60,000 sf of industrial condos and 15 "for-sale" sites for its latest development, Falcon Commerce Park. Ground breaks in November on an estimated $13-million undertaking.

HOUSTON-With a deadline of just two weeks, RAIT Investment Trust comes through with a $23.3-million loan to fund Internacional Realty Inc.'s acquisition of Bellmeade Apartments, a 336-unit, two-year-old complex in Northwest Houston.

HOUSTON-With a deadline of just two weeks, RAIT Investment Trust comes through with a $23.3-million loan to fund Internacional Realty Inc.'s acquisition of Bellmeade Apartments, a 336-unit, two-year-old complex in Northwest Houston.

PHOENIX-A limited liability company from Los Angeles pays $66,667 per unit for Shorewood Apartments in the central corridor. The metro newcomer picks up a property with just one vacancy at sale time.

PHOENIX-The locally based developer is adding 140,000 sf in two buildings to the 280-acre Opus Cotton Center. The 11.5-acre second phase will cost about $14 million to bring out of the ground.

CLEAR LAKE, TX-Brand I.Q. sets up a renewal and expansion with a medium-term lease for 16,823 sf while Environmental Monitoring Service makes a long-term commitment for 7,444 sf with a relocation and downsizing.

ANN ARBOR, MI-The book and music retailer is remodeling stores under its namesake brand and under the Waldenbooks name.

HOUSTON-Petroleum Analyzer Co. takes the last 63,000 sf of industrial space in the 216,000-sf Legacy Center Phase 2. The firm will add 18,000 sf with the midsummer move-in.