DALLAS–Encore Hospitality LLC, a subsidiary of Encore Enterprises Inc., has purchased a Residence Inn hotel in McAllen. The property was previously owned by Encore Hospitality and sold in 2007.

HOUSTON--NAI Partners will handle the marketing of TGS Cedar Port Industrial Park, the largest master-planned rail- and barge-served industrial park in the country, on behalf of TGS Cedar Port Partners LP.

DALLAS—Buchanan Street Partners is making a big investment in Texas. The Newport Beach, Calif.-based firm has acquired Granite Tower, a 10-story, 240,000-square-foot office building in North Dallas.

DALLAS--Venture Commercial Real Estate has successfully negotiated two leases in the Dallas/Fort Worth market on behalf of DestinationXL, national men's clothing retailer.

SAN ANTONIO—Boston-based Intercontinental Real Estate Corp. has acquired Artessa at Quarry Village in San Antonio, a class A 280-unit apartment building featuring 70,692 square feet of retail.

HOUSTON--Houston's suburban real estate markets are riding strong momentum into 2015 despite the steep drop in oil prices, according to Deal Sikes & Associates, a real estate valuation and counseling firm.

AUSTIN--CBRE Capital Markets' Investment Properties team has announced the sale last month of a 9,522-square-foot office building at 3108 N. Lamar Blvd. in Austin. A local investment firm purchased the asset from an Austin partnership for an undisclosed price.

HOUSTON--Gaia Real Estate, in conjunction with its partners Menora Mivtachim Insurance and Amitim Senior Pension Funds, has acquired a five-property, 1,376 unit portfolio located in Houston, the firm tells GlobeSt.com exclusively.