PHOENIX-AmeriVest Properties turns over management reins to its leasing team, Trammell Crow Co., for the five class A and B office buildings, with occupancies ranging from 88% to full.

HOUSTON-The Drever Opportunity Fund II invests $29.2 million into buying five distressed multifamily complexes, three in Houston and two in Dallas. Another $1.8 million has been earmarked for renovations to the properties.

HOUSTON-The Drever Opportunity Fund II invests $29.2 million into buying five distressed multifamily complexes, three in Houston and two in Dallas. Another $1.8 million has been earmarked for renovations to the properties.

DETROIT- Grand Lofts, LLC, known for its conversion of older structures into residential lofts, purchases a warehouse on Detroit's Southwest side for $660,000.

PHOENIX-A local investor closes on the 45,000-sf Shea Village Center for nearly $3.3 or $200,000 less than the ask. The sale doesn't include the AMF Bowling Alley, but does include the land underneath.

PHOENIX-A local investor closes on the 45,000-sf Shea Village Center for nearly $3.3 or $200,000 less than the ask. The sale doesn't include the AMF Bowling Alley, but does include the land underneath.

HOUSTON-Avatech Solutions of Owings Mills, MD moves into 2,447 sf of as-is, class B office space at 7700 San Felipe St. The deal, sealed for $16.50 per sf annually, nudges the office building to 92% occupancy.

PONTIAC, MI-A local developer wants to attract more businesses to the area with a lease and option to buy. Tenants who lease from 2,000 sf to 50,000 sf of contiguous rental space could acquire an ownership interest for as little as $20,000.