MESA, AZ-Bedford Property Investors' strong reputation helps beat at least six other offers placed for the 77,261-sf Superstition Springs Commerce Center, with the REIT spending $6.8 million or $100,000 less than the ask for the mixed-use property.

PHOENIX-KSL Recreation Corp. hires Goldman, Sachs to weigh sale versus refinance of the famed Arizona Biltmore Resort & Spa plus a handful of other resort holdings. KSL bought the "Jewel of the Desert" three years ago for $335 million.

APACHE JUNCTION, AZ-A Phoenix exchange buyer grabs one of two Checker Auto Parts stores in Apache Junction before the seller could even put it on the market. The buyer's $1.5-million offer gets a 15-year lease along with the real estate.

PHOENIX-King Ranch Properties spends $5.4 million for a 64,151-sf flex building and gets a long-term tenant in the seller, Facilitec, which is rebounding from two years of business setbacks. The capital infusion allows the firm to grow, the broker says.

SCOTTSDALE, AZ-A prime location and a 15-year lease with Bassett Furniture and the Room Store fuels investor interest in the 32,560-sf holding. The buyer's exchange status and solid relationship with a lender wins the seller's nod on a $7.9-million bid.

PHOENIX-Complete Sales Components Inc., a supplier of grocery display racks, takes the last 12,365 sf available in a newly constructed general industrial building, which won the deal for the project's image.

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

SCOTTSDALE, AZ-City officials agree to startup funding for a $25-million biotech research facility, proposed by Translational Genomics Research Institute for the Mayo Clinic campus. The 100,000-sf facility will come on line in late 2004.