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.

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.

HOUSTON-Another California tech company has found its way to Houston. Endymion Systems is taking 5,422 sf at a Galleria building. The firm, based in Oakland, also has offices in Seattle and Irvine, CA.