HOUSTON-A local apartment management company has acquired the Ravinia, a 232-unit, class A multifamily property. The apartment complex, constructed in 2000, has an assessed value of nearly $12.6 million.

CHESTERFIELD TOWNSHIP, MI-The Hersh Co., an automotive supply firm, has expanded with the signing of a 49,612-sf, long-term lease in property across the street from its current location. Crediting strong business growth, the company is taking additional square footage at 50371 Russell Schmidt Blvd.

HOUSTON-A Denver investment group buys a second piece to a three-property portfolio from the estate of Dennis Ranzau, paying close to the $8.15-million ask for a nine-year-old, Kroger-anchored center.

HOUSTON-A Denver investment group buys a second piece to a three-property portfolio from the estate of Dennis Ranzau, paying close to the $8.15-million ask for a nine-year-old, Kroger-anchored center.

MESA, AZ-The buyer, BNB Partners of Portland, OR lays $20.5 million on the table and plans to pump another $5 million into renovating the 20-year-old Bay Club at Mesa Cove Court, which was 85% leased at sale time.

MESA, AZ-The buyer, BNB Partners of Portland, OR lays $20.5 million on the table and plans to pump another $5 million into renovating the 20-year-old Bay Club at Mesa Cove Court, which was 85% leased at sale time.

MADISON HEIGHTS, MI-A Korean-headquartered company, experiencing a sales increase in the US, has expands its American operations with the signing of a five-year, 18,618-sf lease at an industrial property.

HOUSTON-Beltway Medical Properties plans to deploy the gain from a near $1.2-million sale-leaseback into opening other offices in its homeport, San Antonio and Austin, says its broker, who just sold the 10,614-sf Beltway Medical Plaza for the firm.