MERCEDES, TX-The $50-million, 400,000-sf Rio Grande Valley is one of two outlet centers it has under construction in the state.

SEATTLE-The property arm of billionaire Paul Allen is planning a 90-unit low-rise condominium development in the South Lake Union neighborhood. Construction will start in late 2006 toward a fall 2007 completion.

DENVER-The 20-year-old, locally based White Construction Group completes two projects for the Denver Public School Systems valued at $4.5 million.

HOUSTON-Somera Capital and CoastWood Capital cash in on a $10-million renovation and repositioning of the 33-acre regional mall. The sellers turn over the deed to a 90%-leased holding, assessed at $46.03 million, to Investment Properties of America.