PHOENIX—Colliers International in Greater Phoenix recently completed the sale of Promenade at Desert Sky, a 300-unit, class B apartment complex in Phoenix, for $11.85 million, or $39,500 per unit. Desert Sky Estates, LLC, of Woodmere, NY, purchased the property, at 6233 W. Thomas Road, from WT Promenade LLC of Englewood, CO.

SUGAR LAND, Tex.--Vista Equities has purchased the 14.734 acres at the northeast corner at Highway 59/Interstate 69 and University Boulevard in the master-planned community of Telfair in Sugar Land.

DALLAS--HFF has arranged financing totaling $46.7 million for two multi-housing properties: The Bluffs at Ironhorse, a two-phase, 490-unit multi-housing community in North Richland Hills, and Stone Villas, a two-phase, 396-unit multi-housing community in northwest Fort Worth.

NEW YORK--Just over a year after acquiring the class A office property at 2200 West Loop South in Houston's Galleria submarket, New York-based APF Properties has sold the 94 percent occupied 200,000-square-foot property to the building's main office tenant, Tenaris.

AUSTIN, Tex.--St. Croix Capital Realty Advisors LLC has launched a new, affiliated firm, St. Croix Capital Management Group.

PHOENIX—Colliers International in Greater Phoenix recently negotiated a multi-year 24,896-square-foot office lease at the Chandler Corporate Center.

PHOENIX—Maximizing the value of a hotel asset and increasing investment return with a comprehensive analysis of location, competition, hotel segment, renovations and cost is crucial in the industry. The Clear Path to Property Repositioning session at The Lodging Conference, held at The Arizona Biltmore Resort and Spa, took a hard look at these factors and others.

DALLAS--Hillwood Communities has closed on a 755-acre, $700 million residential community called Wolf Ranch in Georgetown, Texas. Wolf Ranch consists of two separate tracts located off of Wolf Ranch Parkway and Highway 29.