TUCSON, AZ-With occupancy north of 95%, the 167-unit Sunrise Apartments in the Campbell Corridor corner $6.5 million from a first-time Arizona buyer, who's now planning to spend another $250,000 on renovations.

PHOENIX-Work is underway on a 3,900-sf facility for the 800-acre Sonoran Foothills master-planned development. The center will open in October and represents one of the first brick-and-mortar rising from the massive development.

PHOENIX-With distribution space hard to come by, the distributor of Trane air-conditioning systems, commits to office/warehouse space in Gilbert and Phoenix. The larger lease has a 10-year term with a payout of $3.5 million over the term.

TEMPE, AZ-With retail properties all over the metro showing solid occupancy rates, the 90,862-sf Valley Fair lands a new owner in a $10.4-million sale. The transaction closes escrow in 57 days.

PHOENIX-Millennium 3 Technologies closes the deal, spends $10 per sf on the retooling and moves into 4040 E. Raymond St., a 10,617-sf industrial building that was up for sale for 15 months.

GILBERT, AZ-A Santa Barbara, CA, investor, holding deeds to six franchised El Pollo Loco restaurants, finds its first buyer for a 3,004-sf eatery at 2253 E. Baseline Road. The game plan is to continue the sell-off under the same scenario.

TUCSON-A Los Angeles investment group outbids 20 others for the 173-room Ramada-flagged hotel with a $4.2-million offer at a no-minimum sale that attracted buyers from Spain and South Africa. The bankruptcy court's deadline to close is May 28.

PHOENIX-A California investor, one of five surfacing within 24 hours of the deal coming to market, spends slightly more than $1.4 million for a 12,300-sf office building in a sale/leaseback to a Mexican eatery for continued headquarters use.