HOUSTON-A newly formed JV, backed by foreign capital, will create about 90 jobs with an electrical assembly operation that will be set up in 60,711 sf of Proterra's Northwest 8 Business Park. That and a storage equipment supplier take park occupancy to 90%.

HOUSTON-Internacional Realty secures the capital from MetLife to take the deed from Gables Residential for the newly named, Meyer Park Apartments. MetLife provides the 10-year loan at a 4.2% interest rate.

HOUSTON-Wildcat Services buys 12920 Cypress North Houston Rd. from Robert Scherer of Houston in a behind-the-scenes trade of a northwest submarket property. The buyer starts moving its headquarters as soon as the ink dries.

CONROE, TX-Professional Powersports of Austin buys 1.5 acres in Conroe for a second dealership, spending slightly less than $180,000 for acreage with a Lake Conroe view. Showroom construction begins in the coming weeks.

HOUSTON-The Portland, OR investor goes up against six others for the fully occupied, 10,132-sf center with Northwest Freeway frontage and Home Depot as a neighbor. The Peterson Group developed the center two years ago.

HOUSTON-Gables Residential Trust says it will realize a $12.5-million gain from the sale of the 641-unit, two-phase community to International Realty of San Antonio. The complex, built in 1993 and 2001, is assessed at close to $39.6 million.

HOUSTON-National Pacific adds about 3,000 sf to take the bottom line to 21,794 sf its office for the last four years. The renewal and expansion for 1445 North Loop West carry seven-year terms.

HOUSTON-Word on the street is the 77,467-sf Lakeside Village has brought more than $9 million for its Houston seller. The deal started brewing at this year's ICSC convention and has just closed with financing from Lehman Bros.