Office

HOUSTON-Parkway Properties has picked up its 11th office building in Houston. The fully leased, 72,050-sf structure is positioned in the Greenspoint submarket. A Panattoni Development affiliate is the seller.

HOUSTON-Stewart Mortgage brings a 16-year veteran of the lending industry aboard to steer its e-title division. Kerry A. Stith hails from the ranks of PNC Bank's consumer lending departments. He assumes the role as division president and senior VP at Stewart.

DALLAS-The sting of losing a 21-year-old lead tenant this summer goes away as KPMG signs a 12-year, $35-million pact for 200,000 sf at Maxus Energy Tower, situated at 717 N. Harwood. The Dallas CBD deal sets the stage for a new era and new name.

BRISTOL-Warner Estate has bought West Gate, a prominant 91,000-sf office building on Bristol's Colston Avenue. The deal underlines Warner's transformation from residential landlord into a player in the commercial market.

NEW YORK CITY-A local REIT with a minor interest in a Penn Station-area office tower spends $29 million to bring its stake up to 49.9% and secures an $85 million mortgage on the property at the same time.

STERLING HEIGHTS, MI-Financial and professional services have leased more than 66% of the new, 30,788-sf Sterling Plaza phase II office building just four months after its completion, its leasing agent says.

OAKLAND, CA-Developers and building owners who choose to take advantage of Oakland's free energy consulting service are finding that it is well worth the effort. One developer has cut costs by $1.5 million.

WASHINGTON, DC-The rise is seasonally adjusted. On an unadjusted basis, the measure declined 22.7%, but was up 76.7% compared with the same week a year ago.