HOUSTON-The first of two shopping center closings puts the deed to the 18,900-sf Shops at Memorial Heights into AmREIT's hands. The second trade, Terrace Shops, will close before the month ends.

HOUSTON-EDM Office Services swaps a lease for the deed to 2500 Karbach St., brought to market by a Cincinnati investor who believed there were more opportunities to sell than secure a replacement tenant for the 17,900-sf building.

HOUSTON-The 30-year-old Forest West passes from one local owner to another as the seller lets go of the final asset in a nine-property portfolio bought in the early 1990s. The new owner, who stepped in after a contract fell out, plans to hike rent as leases roll.

HOUSTON-A locally based investment group, led by Republic Capital, secures a 10-year loan for $3.3 million at an interest rate of about 6%, using the 37,533-sf St. Joseph Medical Plaza at 2101 Crawford St. as collateral.

HOUSTON-Oxyde Chemicals is moving its North American headquarters into 225 Pennbright Dr. on the north side of town while hiring a broker to find a tenant to fill about 4,300 sf in a single-story building with a class A finish.

HOUSTON-Developer Davis Holdings replaces construction financing with a 20-year loan at an interest rate of about 6%. The fully leased, 32,468-sf Royal Oaks Plaza is the collateral for the GE Asset Management financing.

HOUSTON-Construction begins Monday on a Verizon Wireless building, a 4,305-sf design at a high-traffic intersection in the Willowbrook section of the northwest submarket. The building will deliver in the first quarter.

HOUSTON-Construction begins Monday on a Verizon Wireless building, a 4,305-sf design at a high-traffic intersection in the Willowbrook section of the northwest submarket. The building will deliver in the first quarter.