SCOTTSDALE, AZ-Making its first area buy, California buyer Aukum Management acquires the 1980s complex from the Chicago-based Equity Residential for just north of $20 million.

PHOENIX- EXCLUSIVE -The Seattle buyer takes one week from contract to closing for the Dunlap Square Apartments acquisition. Brokers Alon Shnitzer and Rue Bax with Orion say it's the fastest conventional closing they've experienced.

PHOENIX-Medical office building is the second major U.S. property acquisition for Canadian private investment firm. The five-story class A property comprises nearly 82,000 square feet.

PHOENIX-IIT Acquisitions acquires the two-building asset for $44 million. The transaction was brokered by Mark Detmer and Bo Mills, who recently joined Jones Lang LaSalle.

SCOTTSDALE, AZ-The two companies took another step toward completing its merger, with 96% of the shareholders at a special shareholder meeting approving it.

PEORIA, AZ-In a transaction with Mack Co., Goodwill of Central Arizona turns the keys of its building to the developer, which will build a smaller facility with a long-term lease for the charity tenant.

PEORIA, AZ-The 15 new properties under the local commercial real estate company's wing are located throughout the Greater Phoenix and Scottsdale areas.

PEORIA, AZ-The 15 new properties under the local commercial real estate company's wing are located throughout the Greater Phoenix and Scottsdale areas.

EDINBURG, TX-Marcus & Millichap brokers the transaction between Ruben Gutierrez Construction and a private investor. Additional southwest commercial real estate news follows.

PHOENIX-Camden Property is paying $25 million for parcels in Scottsdale, Tempe and Chandler with plans for 834 units. Meanwhile, Hanover paid $7 million for three acres in Tempe, on which it will build 341 units.

PHOENIX- EXCLUSIVE Artis Real Estate Investment Trust of Canada pays $20 million to Southbank Investments and Caldwell Southbank Real Estate or the single-tenant building. ASM will remain in place on a long-term lease.

CHANDLER, AZ-The mortgage servicer and lender opts to place its Advanced Business Service sector in the 153-acre Continuum Science & Technology Park in the business-friendly Price Corridor.

PHOENIX-Locally based Wentworth Property is teaming with Clarion Partners to develop the Rio Salado Commerce Park on 60 acres south of Sky Harbor International Airport, at an estimated cost of $60 million.

PHOENIX-The California buyer recently acquired 214 of the 348 units in two separate transactions, with plans to rent them out. BH's EVP Steve Jaffe tells GlobeSt.com that he's on the hunt for more.

PHOENIX-In her new position as regional vice president in the California company's local office, Weber is charged with growing the portfolio. A growing demand prompted the promotion as well as an expanded staff.

TUCSON- DEAL TRACKER -Hamilton Zanze acquires the class B asset from HSL Properties with plans to reposition it. Also included is southwest CRE news.

PHOENIX-Deal provides $15 Million in Refinancing for 144,868 SF Hayden Peak Crossing Shopping Center.

CHANDLER, AZ- EXCLUSIVE -Griffin Capital Essential Asset REIT acquires the 231,000-square-foot, class A, flex R&D facility leased long-term to Avnet Inc. from TIC investors.

PHOENIX-Marcus & Millichap's 2013 forecast points out that increased employment and limited inventory will lead to a 120 basis point drop in vacancies and a 1.3% uptick in rents.

PHOENIX-Liberty Cotton Center and 8591 W. Washington Street in Tolleson both reach 100% occupancy.