DALLAS–The co-founder and principal of Velocis Fund I, Steve Lipscomb, has announced the formation of LRIC Properties, which will focus on the development of retail and shopping center properties throughout Texas.

HOUSTON–JLL has announced the sale of 13401 North Freeway in the Greenspoint/North Belt area in Houston.

SAN ANTONIO–Conor Commercial Real Estate, a member of The McShane Cos., has acquired a 15-acre site just outside San Antonio for the development of Doerr Lane Industrial Park.

HOUSTON-- According to Houston-based real estate valuation and counseling firm Deal Sikes & Associates, the current sharp decline in oil prices won't have an immediate impact on real estate values in Texas.

AUSTIN—CBRE Group Inc. has begun providing property management services to Equity Commonwealth for 10 properties in the Austin area, including Bridgepoint Square, a five-building, 440,000-square-foot-plus property.

DALLAS—With the Dallas/Fort Worth industrial market on the upswing, rental rates are rising and the amount of new construction is keeping those rates at an affordable level.

DALLAS--UCR Investment Sales has announced the sale of Lawton Marketplace, a 179,181-square-foot power center in Lawton, Okla.

DALLAS–RamQuest is consolidating its facilities and relocating its headquarters to International Business Park in Plano, Colliers International has announced.