HOUSTON-San Diego-based Newland Communities' recent purchase of Genstar Land Co. and its holdings, will accelerate development of the partially-completed, 1,500-acre Summerwood in northeast Houston, says the Texas division president. Meanwhile, plans are in the offing to buy another 1,000 acres for development west of the city.

BROOMFIELD, CO-An Austin investment company has set a record price of $116,988 per sf for an apartment complex in Broomfield, a bedroom community between Denver and Boulder. Earlier this week, GlobeSt.com reported a Colorado Springs sale set a record, bringing in $13.7 million or $97,857 per unit for the 140-unit Autumn Heights Townhomes at the foot of Cheyenne Mountain.

RHINEBECK, NY-Rhinebeck Savings Bank to house headquarters in Poughkeepsie by year's end. It will retain its current space as its main office.