AUSTIN--MG Properties, the real estate arm of McCourt Global, and The Sutton Co., an Austin-based real estate development firm, have announced the acquisition of a 1.39-acre parcel on the corner of Cesar Chavez and Red River streets, directly across from the firms' 1.4 million-square-foot Waller Creek development project.

HOUSTON--HFF has secured $15 million in financing for the Trails of Ashford, a 514-unit, garden-style multi-housing property in southwest Houston.

MIAMI—“Miami continues to draw significant capital from intelligent, well-informed investors,” says CBRE vice chairman Christian Lee.

DALLAS--Dallas-based Lone Star Real Estate Fund III has entered into an off-market agreement with U.K-based Moorfield Real Estate Fund (MREF) and Moorfield Real Estate Fund II (MREFII) to purchase a $1.5 billion (1 million pound) diversified real estate investment portfolio.