PHOENIX-Denver investor Cal Zeff acquires his second multifamily complex in Phoenix. The Palm Aire apartments undersell the market average by about $10,000 per unit. Resale, in turn, should net a tidy profit, the broker says.

SCOTTSDALE, AZ-The locally based owner seeks the financing to help stabilize and restructure operations to emerge from a Chapter 11. Epic Resorts has been in Chapter 11 protection since July 2001. The deal still needs court approval.

TEMPE, AZ-Total Fab Solutions moves in soon to 13,699 sf at the Expressway Corporate Center in Tempe. The firm gets a 1,536-sf clean room and the balance in office space in a deal valued at $593,000 over its term.

PHOENIX-Frank Boutin, a 30-year professional, is director of Summit Builders' new health-care division for Arizona, California and Southwestern US. He was VP of operations for a national health-care design/build firm.

TEMPE, AZ-The buyer starts renovating a 46,614-sf office/warehouse in a plan to fix and return it to the market for $1 million more than he paid in an all-cash deal. The building, vacant for two years, was sold by Action Performance Cos.

PHOENIX-Ad-Print Inc. exercises its option to buy the 63,460-sf building, once a furniture factory at 4002 N. 36th Ave. The printer leased the site earlier this year from Whalen, Long & Shapiro of Long Beach, CA.

PHOENIX-The Bank of Hawaii takes action as holder of a $4.9-million note for 909 E. Brill St. The owning entity is an Arizona LP, with Los Angeles ties, that allegedly abandoned the property when tenant, Phoenix Children's Hospital, exited in 2000.

PHOENIX-Nissan's new dealership look will roll out in a retrofit of an old dealership along Camelback Road and a new one in Peoria. ABC Nissan will unveil a 33,000-sf version of the 2002 design while Peoria is in line for a 48,132-sf model.