PHOENIX-Total Lighting and Control pays about $40 per sf to vacate its role as tenant in the 12,500-sf industrial building at 4043 E. Magnolia St. By changing the status, the lighting company plans to take over the building's 8,000-sf remainder balance.

PHOENIX-Forty subcontractors donate more than $500,000 in labor and materials for the work at the Dreier Family Children's Center. The reworked design adds 1,500 sf for classrooms, a health-care clinic and food service area.

PHOENIX-The Arizona Conservatory of Arts and Academics signs a 10-year lease for 2820 W. Kelton, once home to Honeywell's administrative offices. From layout to location, the single-story office building is a perfect fit, says the broker.

CHANDLER, AZ-A Mesa engineering firm saw the potential in a 15,026-sf industrial building at Chandler's Arizona corporate Park North. It will use a portion of the property for its offices and subdivide the remainder to sell as warehouse and office condos.

SCOTTSDALE, AZ-The Promenade's owner gets a five-year loan for what is being touted as the largest loan made in the Valley by a single lender. The capital goes to a second phase with 255,000 sf of office space, 80,000 sf of retail and 800 parking spaces.

GILBERT, AZ-Downsizing by a high-tech firm creates an opportunity for a home security maker to sublease industrial space that more than quadruples its size. The two-year pact is valued at more than $450,000.

PHOENIX-HDR Engineering Inc. has made the commitment for 41,439 sf of class A space a the Bilmore Commerce Center. The decision is mortared by the availability of practically 42,000 sf of contiguous space for the regional headquarters.

SCOTTSDALE, AZ-Desert Troon of Phoenix scores the win with its ability for a quick close and limited contingencies to mark the second largest office building sale this year. The prize is the fully leased, 214,676-sf Perimeter Center in North Scottsdale.