HOUSTON-Insignia/ESG has landed a new tenant for Eldridge Place Two, signing J. Ray McDermott Inc., an offshore energy supplier, to 146,768 sf in the class-A office property. The premier property is owned by The Brookdale Group, headquartered in Atlanta.

ORLANDO-An expected drop in interest rates this quarter by the Fed will spur new investment activity in the multifamily sector here, Grubb & Ellis Co.'s Steve Flanagan tells GlobeSt.com.

STAMFORD, CT-W&M Properties reports that Octagon Marketing and Athlete Representation has expanded its presence at Soundview Plaza and now leases a total of 32,136 sf at the property.

AUSTIN-GE Capital has acquired the 106,946-sf first phase of Stassney Heights Shopping Center as the developer, Trammell Crow Co., gears up to start work on the balance of the second phase. Three restaurants already are under construction.