PHOENIX-A California investor uses 1031 Exchange capital to pick up a two-building asset with full occupancy in the central corridor. The deal is ripe for minimum $50 rent hikes in the near future, says one of brokers.

PHOENIX-In a first-time teaming, Crown West Realty and St. Paul Properties pick up an 11-building portfolio, with all 440,000 sf fully leased, in the North Black Canyon corridor. The duo bests four others on the short list for the opportunistic play.

MESA, AZ-A California investor puts up $2.2 million for the 44-unit Mesa Mountainview complex, an 18-year-old, fully leased asset attracting multiple offers during the 45-day marketing period.

PHOENIX-A local investor deploys 1031 Exchange capital to buy the fully leased Star Shopping Center on the city's west side. The new owner's next move is a makeover of the 30-year-old plaza.

MESA, AZ-Kitchell spends $11 million to get the land from two sellers in an unsolicited, off-market deal. With Loop 202 under construction and plans afoot for another freeway, Kitchell's eyeing a late 2005 start on office, retail, hotel and residential product.

PHOENIX-Two apartment communities totaling 78 unitsfetch a new owner for $4 million, closing $50,000above the listing price. Sub-3% vacancy over the pasttwo years bolster's the seller's marketing package forthe 4.5-acre property.

PHOENIX-The broker goes against others' advice, splits the 30-unit Camelback Gardens and walks away with a higher price than if it would have sold to a single buyer. A four-plex gets $275,000 and the remaining 26 units corner $1.6 million.

CHANDLER, AZ-First Credit Union purchases a 104,000-sf office building for $10.7 million, with plans to put the corporate headquarters into a little less than a third of the space. Contiguous space for future expansion was key to the deal.