HOUSTON-Great Western Land and Recreation, scouting for more Texas sites, pays $30 per sf to $35 per sf for a half-acre site along Dolores Street. Work gets under way in May on nine three-story townhouses.

GILBERT, AZ-Fairfield Residential scoops up a 30.4-acre tract in the 1,400-acre Spectrum at Val Vista for $7.7 million. The plan is to break ground in April on the 364-unit Azul at Spectrum and 260-unit Borrego at Spectrum.

GILBERT, AZ-Fairfield Residential scoops up a 30.4-acre tract in the 1,400-acre Spectrum at Val Vista for $7.7 million. The plan is to break ground in April on the 364-unit Azul at Spectrum and 260-unit Borrego at Spectrum.

PHOENIX-Innovative Surfaces, a patio furniture manufacturer, is readying to move into 27,000 sf of a 58,000-sf building that it bought for $1.8 million with a tenant in hand. The seller's Nichols Motorcycle Supply is holding onto the building's 31,000-sf balance.

SCOTTSDALE, AZ-City officials plan to use the class B office building for the administrative offices of fire and police departments, just like the former tenant who terminated a build-to-suit lease after losing a municipal contract.

MERCEDES, TX-A South Texas investment group pays close to the $1.7-million ask for a 25,211-sf, fully leased center, which lingered at least a year on the market. Part of the problem, says the broker, was the assumption of a high-interest loan.

CHANDLER, AZ-SCI Real Estate Investments goes up against 19 others to take its first retail deed in the Valley. A pool of 25 1031 exchange investors backs the play for the five-year-old Casa Paloma, a 98%-leased upscale lifestyle center.

CONROE, TX-McKesson Corp. signs a 10-year lease with Trammell Crow Co. to kick off the Conroe Park North project. Set to deliver in December, the facility will deliver one roof for two distribution hubs in the pharmaceutical giant's 30-location network.