HOUSTON-The Cypress Fairbanks Independent School District buys land formerly ticketed for a townhome project. Seller Queenston Development of Austin nips the development after three years of owning the land.

LOS ANGELES-The locally based brokerage giant says office market here already appears to be stabilizing and should get better as the economy gathers steam in the final half of this year. Asking rents in just-concluded quarter rose despite modest increase in countywide vacancy factor.

BEDGORD, NH- Merchants Realty Trust acquires 2 Commerce Park Drive here from 2 Commerce Park Drive Association for $3.5 million. The new airport access road being installed near the Commerce Park West development made the building attractive to investors, according to a broker involved in the deal.

NASHUA, NH-The hotel chain enters the market here with its first hotel in the state hotel at 2000 Southwood Dr. An official with the company tells GlobeSt.com that local demand for extended-stay hotels here is strong.