PHOENIX-A 10-year tenant stays put in 18,743 sf at 2800 N. Central Ave., a 361,753-sf high-rise with a low 70% occupancy. The law firm of Mohr, Hackett, Pederson, Blakely & Randolph make another long-term commitment.

PHOENIX-Developer Scottsdale Lodging Investors is still designing the three-acre hotel project, which is projected to cost between $7 million and $8 million. The project's general contractor is Summit Builders.

TEMPE, AZ-The Phoenix-area investor acquires a single-story building with 18 units, practically all empty, in a turnaround play for a property within walking distance of Arizona State University.

PHOENIX-The just-closed lease covers 5,000 sf of warehouse space, 1,000 sf of office area and more than an acre of yard space, a perfect mix for the custom deck contracting business. The tenant comes forward within a month of the property being listed.

PHOENIX-Five times the usual amount of capital flowed into the Phoenix real estate market last year and the trend is continuing, according to a CBRE first vice president. Although money is flowing freely, product is scarce.

PHOENIX-The contractor will occupy 15,000 sf of the 62,000-sf contemporary-style structure, with the balance going to the Butler Design Group and Fountainhead United LLC. The project will deliver in the summer at 5555 E. Van Buren.

TEMPE, AZ-Adolfson & Peterson will move the team into the 14,000-sf office building in May. The acquisition of 5002 S. Ash St., on the leasing market for a year, more than doubles the construction firm's regional office.

PHOENIX-Don and Payson MacWilliam, managing directors at Insignia/ESG, are accorded the honor by the Arizona Chapter of NAIOP. The 17-year partners get the honor on the fifth nomination of their careers.