HOUSTON-Michael Preston is named COO after a three-year stint as CFO with the parent of the one-year-old acquisitions company. The CFO backfill is Robert Smith, who's coming over from the locally based Greystone Group.

HOUSTON-The cafeteria restauranteur is back in the black after several years of losses.

KINGWOOD, TX-Amli Residential Properties Trust and Heitman decide it's time to part with the five-year-old Amli at King's Harbor, a 16-acre development that's one of the few multifamily properties inside master-planned community's bounds.

SCOTTSDALE, AZ-Camberlango Properties and the Wolff Co. join forces to develop Riverwalk Square, a live-work development with 227 condos along the Arizona Canal. Plans will be finalized in April. Construction is scheduled to begin within 90 days.

SCOTTSDALE, AZ-Camberlango Properties and the Wolff Co. join forces to develop Riverwalk Square, a live-work development with 227 condos along the Arizona Canal. Plans will be finalized in April. Construction is scheduled to begin within 90 days.

PHOENIX-Akahi Investments pays $3.8 million in an off-market transaction for 43,230 sf of 92%-leased shop space in South Mountain Plaza. The first-time Valley buyer, using 1031 exchange funds from a multifamily sale, takes the deed to its first piece of retail.

PHOENIX-RDB Construction lays $1.6 million on the line for the 31,121-sf Adobe Pointe Office Park, a five-building, class B complex built in 1979 and renovated last year. The new owner is courting the market with a $14.50 per sf, triple net rate.

HOUSTON-Cowtown Bolt & Gasket of Fort Worth taps 10,125 sf of office/warehouse space in Pinemont Center for its first site in the metro. The firm, hanging a shingle with Houston in the name, is planning an immediate move-in.