PHOENIX-A California investor's $675,000 check ropes a fully leased complex with a positive cash flow of 15% after the seller, Ben Ruzmin of Phoenix, hinted it might be for sale. The property is just south of Camelback Road.

FOUNTAIN HILLS, AZ-Construction will start within the month on a 5,000-sf Ironstone Bank, the institution's fourth in the Valley. The 1.3-acre development site is part of Four Peaks Plaza, a Kimco Barclay holding.

PHOENIX-A California investor's $675,000 check ropes a fully leased complex with a positive cash flow of 15% after the seller, Ben Ruzmin of Phoenix, hinted it might be for sale. The property is just south of Camelback Road.

TOLLESON, AZ-The award-winning Ancona Tolleson Center first phase is getting a sister, a 184,000-sf twin that will deliver in September. As before, Wespac Construction is developing the office and industrial combo for E&V Investments.

PEORIA, AZ-A first mortgage, representing 80% of the purchase price, has been collateralized by the 82,100-sf, 97%-leased shopping center at a high-traffic intersection in Peoria. Canadian Imperial Bank provided the financing.

TEMPE, AZ-Tres Amigos, riding an expansion wave, signs two deals valued at $1.6 million over the terms for sites in prime trade zones of Tempe and Scottsdale. The Tucson-based retailer imports rustic Mexican furniture.

GUADALUPE, AZ-Two of the three inbound tenants are newcomers to Arizona, molding industrial leases at the newly built Guadalupe Commerce Center. The third lease brings a relocation from Chandler.

PHOENIX-Phoenix Presentations puts a newly bought building at 100% occupancy with the long-term signing to get space closer to its customer base. The 71,960-sf industrial building, with six tenants, is located at 2255 W. Desert Cove Ave.