HOUSTON-The Newport Beach, CA buyer gets the 95%-leased One and Two Eldridge Place, a 519,746-sf asset with a four-acre tract that's the subject of talks with extended-stay hotel developers. The purchase signals the start of KBS Realty's new focus on town.

HOUSTON-International Demographics, a marketing firm, takes 11,877 sf of class B space inside the city limits while the law firm of Rathwell and Nizialek stays tucked in the suburbs, renewing and expanding with a 7,747-sf, class A lease in the Woodlands.

HOUSTON-The acquisition of Uptown Plaza gives the REIT a "prominent presence" in a prestigious submarket. The deal is the REIT's second this year in the Galleria area and second retail purchase in a week. Another center will be bought before 2004 arrives.

HOUSTON-The sale to Trustmark Corp. of Jackson, MS comes with four leases and a 5,000-sf office building in Hempstead. The buyer gets a market inroad and the seller jumpstarts reorganization into a mortgage banking operation.

HOUSTON-All Pan Ltd., a manufacturer of wood trusses, takes the space for the long term, picking a 10-acre property on the south side of town . The firm, getting more space with the move, was forced to relocate after its existing building owner sells to a user.

HOUSTON-GSL Investments lines up the land for a build-to-suit for PV Fluids. With the latest deal, the owner of 100-acre Aberdeen Business Park reaches the two-thirds mark of sold acreage, where the going rate is $1.75 per sf to $2.50 per sf.

HOUSTON-Granville Properties of Calgary, Alberta, trades in a San Diego retail property for the 21,900-sf Mason Plaza, paying $3.4 million for a center that delivers in January at 100% occupancy in the far west submarket.

HOUSTON-Diamond Offshore Drilling picks Eric Anderson of Transwestern Commercial Services to lease a 70,000-sf hole in its 165,600-sf headquarters building after ending a two-decade run as a two-tenant asset.