HOUSTON—Woodbine Development Corp. and InterMountain Management recently finalized the purchase of nearly three acres in Springwoods Village from CDC Houston to develop a second hotel in the master-planned community, about 20 miles north of downtown.

PHOENIX—CBRE has completed the sale of a 101,006-square-foot office building located at 4809 E. Thistle Landing in Phoenix. The buyer was Menlo Equities. The seller was a joint venture between Everest Holdings and Walton Street Capital

MG Properties joins consortium to develop a mixed-use project that incorporates the ruins of a 16th Century Shakespearean theater.

LOS ANGELES—An industrial investor buys a 115,538-square-foot building with an expiring tenant lease, betting the tenant would renew due to the high demand. It paid off.