LOS ANGELES-The property was 70% leased at the time of sale. The purchase was not a strict investment deal, according to the broker, but rather was purchased based on its potential for adaptive reuse.

HOUSTON-Peramco president Doug Eibsen says it's time to roll on commercial development at Houston's most northern tip. Eibsen's new 1,200-lot golf community will boast a tract, with a three-acre lake, for just that purpose.

HOUSTON-A joint venture between Chicago-based AMLI Residential and Erie Insurance Group sells 438 units in two complexes in Houston's ever-popular northwest submarket. The JV acquired the holdings in 1994.

AUSTIN-The Austin-based chain came through the first quarter with a slightly higher profit than last year although sales were down 6.5% system wide. Still, Schlotzsky's says the plan is to grow in number via franchisees and company-owned stores.