A handful of deal closed before the end of the year. Arizona claimed the bulk of the activity this week, with four deals closing throughout the Phoenix area. Douglas Emmett also closed a notable deal on the Golden Triangle in Beverly Hills this week. Here's a look at this week's trends, announcements and deals that you may have missed in Southern California, Utah, Arizona and Nevada.

NEW & NOTABLE

PHOENIX—Eric Butler has joined Kidder Mathews' Phoenix office as a SVP and he will specialize in the sale and leasing of office, medical and investment properties. Butler has been in the commercial real estate industry for 18 years. Prior to joining Kidder Mathews, he was with Commercial Properties, EBS & Associates and Logan Commercial in Scottsdale.

DEALTRACKER

PHOENIX—BPP Pacific has sold a nine building Western US industrial portfolio to Artis REIT for $40 million. The portfolio totals 379,487 square feet and includes three industrial parks: Rocky Mountain Business Center located in Aurora, Colorado, and Roosevelt Commons and Superstition Springs in Mesa and Tempe, Arizona, respectively. JLL managing directors Mark Detmer, Bo Mills and VP Ryan Sitov led the JLL team on the sale with local market support from Executive Vice Presidents Pat Harlan and Steve Sayre in Phoenix, and Managing Director Mitch Zatz and Vice President Carm Hicks in Denver.

BEVERLY HILLS, CA—9401 Wilshire Boulevard, a class-A office tower located in the prestigious Golden Triangle of Beverly Hills, California, has traded hands between Wilshire-Canon Properties and Douglas Emmett. Situated on 0.80 acres of land, 9401 Wilshire is a 12-story office building totaling 145,247 rentable square feet. Madison Partners Bob Safai, Matt Case, and Brad Schlaak represented the seller in the transaction, The buyer was Douglas Emmett, one of the leading real estate investment trusts in the United States, with over 18.5 million square feet of office properties under management. The property, which was approximately 98% leased upon closing, sold for $143.6 million. Additionally, the buyer conveyed operating partnership units to the seller and assumed a long-term $32.2 million life company loan, all of which equated to significantly increased net proceeds with commensurate total consideration well in excess of $1,100 per square foot on this exchange.

QUEEN CREEK, AZ—AAMCO, a 4,380-square foot net-leased property located in Queen Creek, AZ, has traded hands for $2.5 million. Jamie Medress, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap's Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

PHOENIX—The 117-unit Avalon apartments, located at 3851 N. 28th Street in Phoenix, Arizona, has traded hands for $13.7 million. Pathfinder Partners Acquisitions, an entity formed by Pathfinder Partners out of San Diego, California was the buyer. Pathfinder is a value investor applying an opportunistic and value-add approach to real estate investments which it can transform through additional capital infusions, institutional level management and property re-positioning. Pathfinder has acquired defaulted loans, bank real estate-owned and value-add properties with estimated invested capital exceeding $725 million.