HOUSTON-Leading London executive Philip Lewis exits after three years in the top slot, returning the reins to European/Middle East CEO Michael Topham. Lewis joined the company in March 2000 as a non-executive consultant.

DALLAS-Low interest rates helped fuel a boom in Dallas' commercial market in 2005 as investor demand sparked billions of dollars in trades. The strong investor market also created a building spurt in the city.

IRVING, TX-Hines acquires 600 net acres or 792 gross acres from Las Colinas Land LP, a 15-year owner who reportedly has reaped slightly more than $4 per sf for the prized land. Hines will develop part of the acreage and sell some tracts to "capable developers.

IRVING, TX-Excluding any last-minute roadblocks, Hines will end the day as the new owner of the last large tracts of undeveloped land in Las Colinas. Sources say TIAA and its partners will pocket at least $109 million, but not the rumored $118 million.