PEORIA, AZ-Cypress Equities West places a winning bid of $13.5 million in a face-off for a 55-acre ground lease with the Arizona State Land Department, which reels in 25% more than the land value and an extra $65 million in rent over the term.

PEORIA, AZ-Cypress Equities West places a winning bid of $13.5 million in a face-off for a 55-acre ground lease with the Arizona State Land Department, which reels in 25% more than the land value and an extra $65 million in rent over the term.

HOUSTON-With Hurricane Rita driving toward shore, the Ports of Galveston and Houston are as ready as possible to weather the storm. The facilities are closed to all but essential personnel, with cargo, property and vessels anchored in place.

HOUSTON-With Hurricane Rita driving toward shore, the Ports of Galveston and Houston are as ready as possible to weather the storm. The facilities are closed to all but essential personnel, with cargo, property and vessels anchored in place.

SCOTTSDALE, AZ-A San Diego physician has used 1031 exchange funds from a recent apartment sale in the city to buy El Presidio at Pinnacle Peak, a 58,212-sf office property that's about 95% occupied.

TEMPE, AZ-Two Phoenix investors close on the $2.6-million sale of the Fiesta Shops West. The buyer, who already owns office and retail property in Phoenix, is mapping out a repositioning plan for a 73%-leased shopping center.

TEMPE, AZ-Two Phoenix investors close on the $2.6-million sale of the Fiesta Shops West. The buyer, who already owns office and retail property in Phoenix, is mapping out a repositioning plan for a 73%-leased shopping center.

DETROIT-Following the opening of Jimmy John's Gourmet Sandwiches, five more eateries will open shop on Wayne State University's main campus within the next handful of months.