HOUSTON-A local investor hands off the 94%-leased Ann Marie Apartments to a first-time buyer in the Greater Houston metro. The holding, appraised at over $1 million, was exchanged in an off-market transaction.

ZILWAUKEE, MI-Madison Group, a developer, has purchased a tenant-ready, 38,000 sf property for the ask of $2.5 million. The property was developed in 2003 for a lumber company, which remains as a tenant.

GLENDALE, AZ-Two California investors have exchanged a 6,254-sf retail property for $2.47 million or $25,000 less than the ask. The property, completed in late 2004, attracts multiple offers.

GLENDALE, AZ-Two California investors have exchanged a 6,254-sf retail property for $2.47 million or $25,000 less than the ask. The property, completed in late 2004, attracts multiple offers.

SHELBY TOWNSHIP, MI-City Electric Supply Co., which is expanding in the Detroit area, signs a five-year lease deal with D'Agostini Land for a 9,900-sf office warehouse.

PHOENIX-Two local investors buy a 90%-leased, class B apartment building along West Earl Drive for $1.2 million. The plan is to pump $30,000 per unit into a conversion, beginning in November.

HOUSTON-After restructuring and re-branding the chain, ACE Cash Express has returned to its old space in the Bissonnet Retail Center. The check-cashing chain is taking over 2,810 sf at an above-market rate to offset remodeling costs for its new look.

HOUSTON-After restructuring and re-branding the chain, ACE Cash Express has returned to its old space in the Bissonnet Retail Center. The check-cashing chain is taking over 2,810 sf at an above-market rate to offset remodeling costs for its new look.