HOUSTON--Transwestern has been selected by Iron Point Partners LLC to provide leasing and management services for 10700 N. Freeway in the North Belt submarket.

DALLAS--Hill & Wilkinson General Contractors will draw on its years of experience as it begins work on the $175-million redevelopment of the historic Statler Hilton Hotel in downtown Dallas.

DALLAS--Falcon Realty Advisors has promoted Michael Walters to president of the restaurant and entertainment group and Cal Marsh to director of national restaurant accounts.

DALLAS--Palladium USA International has contracted to purchase 2.1 acres of land in Plano's Legacy West to build a 30-story luxury high-rise.

HOUSTON—MetroNational has partnered with Z Resorts to bring Hotel ZaZa to Memorial City at the intersection of Interstate 10 and Bunker Hill Road.

KINGWOOD, TX--SWBC Real Estate recently purchased nearly 15.9 acres of raw land from Chevron Phillips Chemical Co. in Kingwood, northeast of Houston, to develop Kingwood Ranch, a class A apartment complex.

AUSTIN--Austin-based The PPA Group has just closed the purchase on Newport Apartments, a 308-unit multifamily property in Irving.

DALLAS—Mill Creek Residential, through a joint venture with Elite International Investment Fund, has broken ground on Modera Galleria, located in the Midtown submarket.