RICHMOND, TX-Internacional Realty has obtained $21.75 million in a non-recourse bridge loan with a six-month term to acquire the 90%-leased Reserve at River Park from Rob Wilson Interests. Now, proposals are out for permanent financing.

PHOENIX-The Salsburg Co. principals, deploying gain from a multifamily sale in SoCal, pay $2.6 million in cash for the Parkway, 44-year-old apartments along West Glenrosa Avenue. The seller, also planning a 1031 exchange, is looking to trade up.

SCOTTSDALE, AZ-A local businessman strikes a $4-million sale-leaseback with another local investor after a three-week marketing of a 14,576-sf office building. To seal the deal, the seller inks a five-year, full-building lease.

DETROIT-Following Ford Motor Co.'s decision to shutter its 4.7-million-sf Wixom Assembly Plant, members of the local real estate industry voice their opinion on the closure's long-term impact. According to the handful queried by GlobeSt.com, there are several potential uses for the half-century-old property.

PHOENIX-Crescent Real Estate Equities buys the 91%-leased Financial Plaza for $178 per sf, getting a return ticket just four months after it sold its only local holding. A contact says the immediate plan will be to extend short-term leases and lock in rates.

PHOENIX-Crescent Real Estate Equities buys the 91%-leased Financial Plaza for $178 per sf, getting a return ticket just four months after it sold its only local holding. A contact says the immediate plan will be to extend short-term leases and lock in rates.

HOUSTON-Americo Energy Real Estate Holdings takes control of a class B, 53,240-sf office building along San Felipe Street. The going-forward plan is to occupy 7,500 sf and bank rent from the balance of the 80%-leased building.

HOUSTON-PM Realty Group and Americus Real Estate Investments will start shopping for government-occupied office and industrial properties in the $5-million to $75-million range for a five- to seven-year hold. The fund is seeded with $50 million of equity.