Phoenix

PHOENIX-The third-party logistics coordinator takes down the space through an 18-month lease. One major TI: A rail spur to serve the property.

TOLLESON, AZ-Prologis Inc., an industrial real estate company, has landed a new tenant for its Prologis Tolleson Distribution Center 1, an industrial facility spanning 302,600 square feet at 9704 W. Roosevelt Rd. in Tolleson.

GLENDALE, AZ-LWH Glenridge LP has acquired the Glenridge apartment complex at 13610 N. 51st Ave. in Glendale from Behr Family Partnership I for $5.73 million.

PHOENIX-The fund will acquire value-add retail properties ranging from $20 million to $100 million in the West and Southwest regions of the US.

HOUSTON-The 4.2-million-square-foot property receives Gold status from the U.S. Green Building Council. Included: Additional Southwest news.

SCOTTSDALE, AZ-Grubb's Danny Prosky also discusses cuts in Medicare, transaction activity in medical office and President Obama's health care plan.

PHOENIX-The Mayo Clinic prepares to launch construction on its 100,000-square-foot cancer therapy facility; a similar project is underway in Rochester, MN.

PHOENIX-The new fund, which offers investors daily NAV and liquidity, is already seeded with net-leased retail assets and a $50 million credit facility.

PHOENIX-The Gila River Indian Community is planning to spend $160 million to rebuild and improve two casinos in the Phoenix region.

PHOENIX-Experts with the team point out that foreclosure pipeline in Phoenix and Tucson is slowing down, while lenders and special servicers now have systems in place ensuring speedy disposal of assets.

SCOTTSDALE, AZ-The joint venture between Investment Property Associates and P.B. Bell closes on 5 acres with an eye toward building a 240-unit, high-end apartment complex. Construction will launch in late 2012.

PHOENIX-Marcus & Millichap in Phoenix has closed the sale of two multifamily properties in the Phoenix area.

PHOENIX-A Canadian firm has purchased a small multifamily property in Phoenix.

PHOENIX-Absorption was a main story this year; numbers range from 940,000 square feet to 1.3 million square feet as tenants sought out better quality office space.

PHOENIX-The U.S. Citizenship and Immigration Services has signed a lease for a commercial space in Phoenix.

PHOENIX-The Scottsdale buyer obtains the three-building, 48,000-square-foot multi-tenant industrial and office asset from JPMorgan Chase.

TEMPE, AZ-Arizona Production & Packaging, a company bottling and distributing beverages from across the world, has inked a 56,800-square-foot industrial lease at the Opus Commons.

PHOENIX-Lack of new product combined with big-box deals led to absorption rates between 4.5 million-6.3 million square feet. Experts to GlobeSt.com: More of the same in 2012.

GLENDALE, AZ-Owner Macerich obtains the seven-year loan for the 1.2-million-square-foot regional mall, which is anchored by Macy’s, JCPenney, Sears, Dillard’s and Dick’s Sporting Goods.

TEMPE, AZ-Residential Housing Development in Houston is planning to construct a student housing community near Arizona State University in Tempe.