HOUSTON-Dubbed the Navisys Group, the six-broker team is led by Clint Harrington, president, and Peyton Collins, senior managing director. The group hits the streets with a three-million-sf portfolio, of which one-third is owned by McCord Development.

HOUSTON-Studley's new team in town pulls five brokers from the Trione & Gordon and CB Richard Ellis ranks in a replacement of an office that closed about 18 months ago. More so than before, the plan is to compete for Houston's tenant representation work.

HOUSTON-Investors Management Trust acquires the 330-unit Villagio and 296-unit Palm Court, both foreclosed upon two years ago by Lehman Brothers. The Villagio was on the market for $17.5 million and Palm Court for $16.6 million.

HOUSTON-As Texas lags behind the nation in rebounding from the recession, the latest results from Grubb & Ellis Co.'s local office market report offer a few bright spots to allay the city's clouded overview.

HOUSTON-The producer of wire and cable products will move to Bondesen Distribution Center in the northwest submarket, signing a medium-term lease for 31,287 sf. The keys will turn in January 2004.

HOUSTON-Transwestern Commercial Services wins the contracts for Westbridge One, a 103,835-sf, class A office building sold about three months ago. Three other brokerage houses were vying for the pacts to an 81%-leased structure on the west side of town.

HOUSTON-The California buyer swaps a US Postal Service-leased building in Florida for the 15,120-sf Walgreen store at 398 Edgebrook Dr. The exchange capital is teamed with a $3.6-million loan to acquire a two-year-old building tied to a 20-year lease.

HOUSTON-Transwestern Commercial Services wins the contracts for Westbridge One, a 103,835-sf, class A office building sold about three months ago. Three other brokerage houses were vying for the pacts to an 81%-leased structure on the west side of town.