PHOENIX-A 15,380-sf strip center sparks a bidding frenzy as a local buyer outdistances 12 other prospective buyers with a $1.9-million offer. The property's price tag and pool of California investors in search of exchange properties fan the demand.

PHOENIX-A small but solid tenant base and a location in one of Phoenix's fast-growing areas brings more than 20 bidders to the table for a 58,000-sf shopping plaza. A Beverly Hills, CA buyer ends up the winner with a $4.4-million, all-cash offer.

GILBERT, AZ-An Oregon developer will enter the Valley's office-and-retail condo market in March when it begins work on a five-building project at the corner of Guadalupe and Greenfield roads. There are tenants already waiting in the wings.

SCOTTSDALE, AZ-Brandon Home Furnishings found a more visible location in its home turf in a move from one side of Scottsdale Airpark to the other. The wholesaler got closer to busy Scottsdale Road with a $1.4 million, five-year lease for 27,300 sf.

MESA, AZ-It took some complex maneuvering, but Ethan Christopher LLC takes over Buckhorn Shopping Center for $9.5 million or $1.5 million less than the asking price. Before the deal closes, several tenants are repositioned.

PHOENIX-Wholesaler Sundance Art & Framing has doubled the size of its warehouse under a three-year lease for 18,886 sf, getting one of the most visible spots in Pinnacle Peak Commerceplex II, situated in an emerging retail hub.

PHOENIX-P&L Group of San Clemente picks up not one, but two multifamily properties in its first venture into the local market. The double deal rolls deeds for the 161-unit Camelback Corridor and neighboring 26-apartment Camelback Palms.

TEMPE, AZ-KinetX, an engineering, technology and business-consulting firm, will keep its 3,376-sf office at the Broadway 101 Office Park under a five-year renewal valued at $350,000. The new deal puts the 81,279-sf building at 85% occupancy.