FONTANA, CA-Two private investors buy the property from the Ele Corp., the local subsidiary of an Indiana firm.

ATLANTA-The Los Angeles-based firm faces a tough hurdle when company officials ask county commissioners in October to rezone 153 agriculture-ranked acres to allow 500 single-family and townhomes and 31,000-sf of commercial on the rural site, area brokers tell GlobeSt.com.

MELISSA, TX-Jerry Owens, owner of Owens restaurants and the famous sausage line, Hillwood Residential and local officials stamp a plan, with a $21-million infrastructure cost, for 1,300 lots and 69 acres of commercial and retail development.

LOS ANGELES-The new Apex Fund launched by Kosmont Financial Services will provide mezzanine debt for public-private projects.