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HOUSTON-A Houston investor has taken the title to a 45,000-sf warehouse along S. Interstate 35 in a deal brokered by NAI Partners Commercial and Southwest Realty Advisors. The property had carried a $650,000 asking price.

SAN FRANCISCO-Nelson C. Rising, chairman and CEO of the locally-based developer, is engaging in a "cashless exercise" of 350,000 options for Catellus stock set to expire at the end of the month. After that, he'll have options for another 2.65 million shares of the company.

LOS ANGELES-The retail giant is suing a 1,000-member Missionary Church of the Disciples of Jesus Christ in an effort to force church members to follow rules governing soliciting in front of stores.

ATLANTA-The Rahway, NJ-based developer/investor recruited Marie M.B. Kastens from locally based Overseas Management Inc. to serve as general manager and oversee its newly acquired regional portfolio. Denholtz's office/industrial inventory totals eight million sf.

TUSTIN, CA-The newly amended bill, which involves the redevelopment of the former Tustin Marine Corps base, is expected to reach the governor's desk as early as this week.

AUSTIN-New York-based Techspace believes Austin is still prime ground for high-tech space. The suites' operator is proceeding with plans to open 30,000 sf of high-tech CBD space in September. Talks are under way with potential tenants.

ST. PAUL, MN-The 54,000-sf, largely vacant building would be torn down and construction would like begin on a parking complex pending future development that could include a Courtyard by Marriott.

DENVER-Retail, particularly grocery-anchored retail centers, are sought after in the market but the associate director of Cushman & Wakefield's Denver office predicts a 36% drop in office, industrial and retail sales volume.