GUADALUPE, AZ-The three-year lease for 26,455 sf boosts occupancy to 83% in the one-year-old Guadalupe Commerce Center. Nesco Manufacturing Inc. is a maker of architectural stone and rock products.

TEMPE, AZ-An investment group looking for a build-to-suit settled on a three-year-old industrial building instead for its office supply venture. The deal offered the buyer a lower cost option and 32,500 sf.

MESA, AZ-AmeriVest has added to its collection of Valley buildings with the $39-million purchase of Mesa's Financial Plaza Building. The landmark tower, which can be seen for miles, is the city's sole skyscraper.

CHANDLER, AZ-For the second time in more than two years, Wal-Mart has had its plans shot down for "supercenter" in Chandler. But city council did make one concession: It gave the retailer's developer a go-ahead for a spin-off concept.

SCOTTSDALE, AZ-One of the Valley's best known golf resorts is getting a multi-million-dollar renovation to the 7,000-sf clubhouse and a 2,300-sf addition to the fitness center. The project will be done in time for the snowbirds.

PHOENIX-Empty for three years, the 113,827-sf big box gets a taker, F-1 Race Factory, which has subleased 317 S. 48th St. for a state-of-the-art gaming venue. A Valley first, the complex will open in early 2004 with an 80,000-sf, indoor go-kart track.

PHOENIX-The Melbourne at 3009 N. 36th St. brings just $65,000 less than the original asking price in a value-add play with ample upside. Seven vacancies when the deal came to market was down to four at closing time.

PHOENIX-A Palos Verde, CA couple takes over the 20-unit Tamarack Apartments at 345 W. Palos Verde Parkway after the brokers resolve a last-minute standoff with the seller. The fully occupied complex brings in monthly rents of $525 to $625.