HOUSTON-The books close on a federal lawsuit over leasing the 17,000-seat Compaq Center to Lakewood Church. The church gets the center; the city gets $11 million in up-front rent; and Crescent finally gets the city to buy 5.5 acres for $33 million.

CHESTER, VA-Ebbit Corp. buys the 66-key property from Winston Hotels Inc. for $3.3 million. Proceeds from the sale will be used to pay down the Raleigh, NC-based REIT's existing debt.

NEW CITY, NY-Squadron Partners LLC has sold two office buildings here totaling 113,000 sf to a New City partnership that owns retail and commercial properties in New Jersey. No purchase price was revealed in the deal.

SPOKANE, WA-The power tool wholesaler begins construction on a $750,000 project that will upgrade and expand its store at 801 E. Trent. The renovation will involve tearing down 4,400 sf of the 12,000-sf store's current space and adding another 12,000 sf.