OAKLAND, CA-Transpacific Development Co. of Torrance, Calif. secures the loan on behalf of an affiliate for office buildings at Lake Merritt Plaza and 1956 Webster St., as Grenwich Capital loans $87 million for 500,000 sf of office space.

SAN ANTONIO-The San Antonio CBD hotel will go from 138 rooms to 350 rooms at 1001 E. Commerce St. Construction begins in 2003, capping more than a year of behind-the-scenes work while securing necessary city approvals for the green light.

TROY, MI-The city council approves a brownfield redevelopment plan for the former 15-acre Stanley Door property, but the project competes against the current the Saleen Mustang headquarters in California.

HOUSTON-Milestone Mortgage stays in the Westchase submarket, but switches the address. The firm exits 3200 Wilcrest for 10255 Richmond Ave., a 101,522-sf suburban office building that's now 63% occupied.