HOUSTON-Metro Rail Houston locks up another rail station site in a $450,000 cash closing with MidTowne Properties. The Texas-based seller reportedly is negotiating to hawk the balance of its Houston portfolio.

HOUSTON-Owners of five flex properties secure an aggregate $20.4 million in financing packages arranged with the Lutheran Brotherhood and Sun Life Assurance of Canada. Horsham, PA-based GMAC Commercial's Houston office structure the packages.

HOUSTON-The latest multifamily assessment from Marcus & Millichap is that Houston's market will grow considerably stronger by year's end. The research team predicts a 6% hike in rent and 14,000-unit absorption.

HOUSTON-The latest multifamily assessment from Marcus & Millichap is that Houston's market will grow considerably stronger by year's end. The research team predicts a 6% hike in rent and 14,000-unit absorption.

ATLANTA-Locally based Noble Investment Group is receiving a mezzanine/acquisition and fixed-rate loan package from New York-based Lehman Brothers for the 11-story, 300-room Marriott cool Springs hotel in Franklin, TN.

HOUSTON-Litton Loan Servicing will be moving about 500 Houston employees into 112,900 sf at Loop Central Three, taking part of the space glut created by the exit of Jacobs Engineering. The value of the 10-year lease is pegged at $21 million.

HOUSTON-Expansion plans are a certainty, but nothing's determined just yet for the "true partnering" of Houston's L.J. Melody and GE Capital Real Estate, based in Stamford, CT. For now, it's getting the structure in place for GEMSA Loan Services.

HOUSTON-A regional retirement planning and actuarial consultant has relocated from within Houston's northwest submarket, signing for office space at the class A Cornerstone Towers. The Malcolm Thompson & Associates' lease encompasses 6,510 sf.