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DALLAS-EastGroup Properties has added a fourth building to its northwest submarket portfolio, paying nearly $3.9 million for the 122,570-sf Stemmons North. The REIT's president and CEO says upward of another $40 million has been earmarked this year for industrial buys.

WASHINGTON, DC-The vacant 76-year-old office building, part of the estate of local developer Marshall Coyne, is slated for a total renovation--including getting a tonier new Pennsylvania Avenue address.

AUSTIN-P.T. Investments has secured a $3.7-million bridge loan for the 65-unit Park Terrace Apartments. Renovations are under way at the 30-year-old complex along Dawson Road. Construction should wrap up by May 1.

ANDOVER, MA-MapScape.com offers commercial real estate brokers further help in searching for the locations. The customizable Web-based market intelligence and strategy resource now offers supply-side data in addition to data on an area's demand.

CHICAGO-The "wealth effect" hasn't overflowed from a tumbling stock market to kill the real estate market, but there is that threat. However, if there is an economic downturn coming, the real estate market is good shape.

CLEAR LAKE, TX-USX Realty Development has unloaded a 143,356-sf office building in a bid to divest itself of real estate holdings. The buyer, BGK Equities, is considered a value-add buyer in the Houston market.

AUSTIN-Just barely a year old, nLine has just secured $7.4 million in second round funding as it makes plans to start searching for 40,000 sf of manufacturing space for a wafer inspection operation. The firm hopes to have production up and running by year's end.

ORLANDO-Banks outsourcing certain elements of the commercial real estate business would be the solution for both disciplines, John M. Crossman, senior vice president and director of retail services, Orlando division, Trammell Crow Co., tells GlobeSt.com.