NEW ORLEANS-City council clears the way for a JV to demolish the vacant 894-unit Lafitte complex and rebuild or rehab about 1,500 replacement units.

BUCKEYE, AZ-The REIT's ability for a quick close gets a $2-million discount to the $12.5-million ask. The site sits at the crosshairs of a to-be-built I-10 interchange.

ROUND ROCK, TX-In 10-year loans, the 152-unit Country Place Apartments collateralizes a $5.72-million refi and 126-unit Westwind Apartments backs a $4.71-million note.

ARLINGTON, TX-PPA Group stays focused on the potential of the 205-unit Park Row East in its struggle to overcome the lender's roadblocks for a loan assumption.

GRAND PRAIRIE, TX-Buyer hopes that rent increases and better management will raise NOI 60%.

DALLAS-The local investment firm will use a portion of the funds to close the purchase of Canada's IPC US REIT.

DALLAS-The local investment firm will use a portion of the funds to close the purchase of Canada's IPC US REIT.

DESOTO, TX-The pedestrian-oriented, mixed-use development is going up on a former shopping center parking lot, with completion targeted for spring 2009.