SAN ANTONIO-Developer and owner Barshop & Oles of San Antonio collects its reward for a 98.6%-occupied center. The 108,325-sf retail buy comes with an extra six acres that can support up to 40,000 sf of additional development.

DENVER-Hospitality Management Corp. manages Alliance Hospitality-Dallas' 214-room property in the Cherry Creek/Glendale area, which changed flags from Best Western in a $7-million renovation.

CHICAGO-The financially-struggling REIT's board of trustees passes on Dallas-based American Realty Investors, Inc.'s unsolicited offer which included buying out common stock at $7.50 per share, a slight premium to its recent price.

SUGAR LAND, TX-A $21-million asset disposition has one property sold, two under contract and talks under way for several others. Katmor Realty Two Ltd. buys the largest Sugar Land tract and starts gaming out a residential project.