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PHOENIX--One day after filing for bankruptcy, Scottsdale-based Finova saw its stock rise nearly 18%, an optimistic sign that a $6 billion restructuring plan could become even sweeter as creditors push for a greater return.

AUSTIN-One too many clients had questioned Austin's investment climate, prompting Holliday Fenoglio Fowler to look at the numbers. All eyes had been on the drkoops instead of the city's true economic drivers.

IRVINE, CA-Household Commercial of California, a subsidiary of Household Financial Services, has sold the three-building business park, which is 90% occupied.

BEDFORD PARK, IL-Location was a driving factor in the Federal Reserve Bank of Chicago's decision to lease a one-story building at 4944 W. 73rd St. A new roof and other improvements also sweetened the deal.

CHICAGO-Two churches in suburbs bordering the city are undergoing major renovations. Keeley Construction, Inc. is doing work at First Presbyterian Church of Evanston and Saint Giles Roman Catholic Church in west suburban Oak Park.

HOUSTON-The 220-unit Madison Park in the city's Westchase submarket has pulled $23.5 million from Stone Post Properties of Hackensack, NJ. The seller is San Francisco-based SSR Apartment Value Fund LP.

AUSTIN-Hoover's is following suit with other operations that have retreated in recent months. Gone will be offices in Reston, VA and Linthicum, MD while the Austin home port will be consolidated in May when a building conversion is capped.

PHOENIX-A Colorado-based real estate investor who has been buying select properties in the East Valley for the past five years, has purchased another center, this time in Mesa for $12.4 million.