HOUSTON-Peyton Collins settles into a managing director's role for Means-Knaus, which is still recovering from the death of founder, Steven A. Means. Collins' immediate focus will be aimed at two key projects in the Greater Houston area.

PHOENIX-Ferguson Enterprises, a plumbing supplies' wholesaler, takes 196,673 sf in the 300,000-sf Bayless Distribution Center. The deal is an expansion for Ferguson, which will move into its fourth Valley location in Q4.

HOUSTON-Thomas Properties Group is opening a local office to lease, manage and oversee renovation of its market inroad, 2.5 million sf in four buildings bought from Equity Office Properties for $280.5 million.

HOUSTON-Thomas Properties Group is opening a local office to lease, manage and oversee renovation of its market inroad, 2.5 million sf in four buildings bought from Equity Office Properties for $280.5 million.

PHOENIX-Long-time local homebuilder Dehaven Co. tackles its first condo conversion, starting with the 276-unit Cliffs at North Mountain. The broker says the high-value location will be a strong selling point.

HOUSTON-Equity Office Properties holds onto an 80%-leased office building and sells the rest of its local portfolio, 2.5 million sf in four buildings, to Thomas Properties Group, a first-time buyer in the region that teams with CalSTRS for the all-cash takeover.

HOUSTON-LB Longer Enterprises picks up a 65%-leased, seven-building industrial park from another local investor who's interested in trading up to larger properties. The vintage buildings are now in line for a retooling.

GOODYEAR, AZ-LJM Investments offers $124,000 more than the ask to beat a dozen other would-be buyers for the pair of fully leased, class A office buildings in SunCor's mixed-use, master-planned development.