PHOENIX-In a bid to refocus on office and industrial holdings, the seller lets go of its last multifamily asset in the US to a 1031 Exchange buyer from California, who's marking his second Phoenix acquisition with the 302-unit Woodbridge Apartments.

CHANDLER, AZ-The third time was the charm as Wal-Mart and the city planning commission come to terms over a "supercenter" project for a 60-acre parcel at Arizona Avenue and Pecos Road. The final decision now passes to city council.

PHOENIX-A San Diego couple, able to quickly close a transaction, has won ownership of the 184-unit complex, exchanging a multifamily property in their homeport. The couple beats out 10 other bidders with a $5.6-million offer.

SCOTTSDALE, AZ-Developers are set to break ground in the spring on the long-anticipated Scottsdale Waterfront. The 932,000-sf project will transform 11.3 acres Downtown into a mix of luxury residential condos, offices and boutiques.

PHOENIX-The L.A. Specialty Produce Co., signing a five-year lease, gets an 18,197-sf industrial shell in the Sky Harbor Transit Center. The move into the two-year-old, single-story building is set for Jan. 15.

PHOENIX-Mike Bontranger, an 18-year Weitz employee, will takes over for Larry Mohr, who steps down to resume his role as senior vice president. The new top executive was working as a vice president and construction manager.

SCOTTSDALE, AZ-Equity One Inc. inks a deal for a spec suite at Scottsdale's Raintree Corporate Center while Cactus Cash subleases office space at Phoenix's Camelhead Square. Both are three-year leases.

TEMPE, AZ-A bakery pays $905,000 for a 14,545-sf building and a sprinkler contractor antes up $940,000 for a 12,038-sf building in the Broadway Industrial Park. The seller is turning around a portfolio purchase with one-off sales to turn a profit.