HOUSTON-With the approval in hand, Hines REIT is ready to launch on an initial offering of 200 million shares. The sale is projected to generate up to $2.2 billion in equity with a buy-in minimum of $2,500.

HOUSTON-National Office Partners has hit the streets in search of a buyer, buyers or JV partners for 13 class A properties, valued at $2.1 billion to $2.3 billion. The CalPERS-Hines partnership is churning the portfolio to amass capital for a buying spree.

HOUSTON-Parent Stage Stores sets a September opening for the Cypress Mill Plaza location, the brand's 19th store in the Houston area. The 10-year lease puts the women's retailer into a 300,000-sf center on the northwest side of town.

HOUSTON-A pair of leases for 9,600 sf fills the last open spaces in ARC Business Park, a six-building development in the northwest corridor. As a result, the owner is laying the ground work for a seventh industrial structure.

THE WOODLANDS, TX-A Dallas investment group bests seven others, all chasing a long-term hold with the 34,924-sf Research Plaza, a 92%-leased shopping center. A foothold at a main entrance of the Woodlands is the top draw for tenants and buyers.

HOUSTON-Marshall & McCracken has left a 10-year address for a 7,179-sf office on the 24th floor of a Galleria high-rise. The law firm uses today's market conditions to work out a five-year lease for a new class A address in the Galleria submarket.

HOUSTON-The owner of One Source Printing will vacate a leased location in the northwest corridor for a 20-year-old building at 5810 Dierker Dr. The buyer's broker says the deal evolved because the businessman was tired of paying rent.

HOUSTON-Betz Commercial Brokerage will build a third structure on a 10.5-acre tract after slow, but steady leasing lifts occupancy to 90% for a pair of office/warehouses. Unlike the twins, the next project will be all office.