Houston

HOUSTON-Right Place Properties gets the 94-unit Braesforest Apartments as its inroad to the city. The rehab calls for $30,000 per door to convert it to condos.

THE WOODLANDS, TX-Inland American, Crescent and Morgan Stanley work out the trade of the 341-key Woodlands Waterway Marriott Hotel and Convention Center.

HOUSTON-Thanks to Bayport Terminal's opening and a robust economy, the port and neighbors are getting much of the credit for the overall 6.3% industrial vacancy.

HOUSTON-The local REIT pays $8.3 million for Pima Norte, a five-building office condo project in Carefree, AZ. The 50,000 sf will be leased rather than sold as condos.

HOUSTON-Lowe Enterprises and Buchanan Street Partners buy the class A tower from Transwestern Investment, opening the play with a plan to put $1.5 million into upgrades.

HOUSTON-With contiguous class A blocks declining and rents rising, more tenants are turning to class B buildings. In the past year, class B's vacancy rate has dropped 8%.

CONROE, TX-Woodforest Development will start infrastructure work by year's end for the first phase of a master-planned community that includes 70 acres of commercial space.

HOUSTON-An Oklahoma City partnership replaces interim financing with $28.9 million in a 75% LTV package for the 377,750-sf build-to-suit for National Oilwell Varco.