HOUSTON-Lockard & White takes 6,510 sf in a 70,999-sf suburban office building near Compaq's campus. The multi-faceted international firm takes occupancy to 81.6% at 14511 Falling Creek, part of the Caldwell Watson portfolio.

CHICAGO-Development Resources, Inc. and Oaktree Capital Management get an additional $25 million for their joint venture at 525 W. Van Buren St., which opened in January 66% leased.

NEW YORK CITY-Lance T. Shaner has given up his quest to acquire a 51% stake in Interstate Hotels, thereby leaving one less obstacle in the path toward a merger between Interstate and MeriStar Hotels & Resorts.

MALDEN, MA-Funding is in place for the task of converting of an old schoolhouse into condominiums. The 29-unit project secured $1.4 million in equity financing and a $4.6 million construction loan that will also finance the development.