PHOENIX-The region's industrial market is playing follow the leader with the nation's economy in a downturn that only caution can correct. The latest Cushman & Wakefield of Arizona report records 1.9 million sf and cautions about too much too supply.

CAREFREE, AZ-Guardian Technologies' subsidiary Palo Verde has laid out $800,000 for 100 acres in Wyoming and five acres in Colorado. One is ticketed for two equestrian ranches and the other, retail and commercial projects. Guardian's homeport is Carefree.

SCOTTSDALE, AZ-Multifamily sales throughout the Valley are strong, with the latest buy coming in north Scottsdale. A 330-unit complex has wrought $21 million in just six weeks of being listed. It could be a banner year, say brokers.

SCOTTSDALE, AZ-The 26,265-sf AT&T Building in north Scottsdale has attracted $186.57 per sf, setting a year-to-date sales record for back offices. Wildwood Hills Development of California has shelled out $4.9 million for the one-year-old structure.

PHOENIX-The state Auditor General's office is gearing up for a move into 15,848 sf of office space at 2929 N. 44th St., taking the building to 100% occupancy. Brokering the five-year lease are teams from NAI Horizon and Grubb & Ellis.

QUEEN CREEK, AZ-A Canadian investor has paid $1.35 million for 30 acres of undeveloped land in Queen Creek, a small community 30 miles southeast of Phoenix. For now, it's a land bank, but planned freeway projects are sure to spark development.

PHOENIX-Utah investor Scott Keller has reaped more than $31,600 per unit for the 98-unit Silver Tree Apartments in west Phoenix. In all, Highgate Properties of Los Angeles has shelled out $3.1 million in the Marcus & Millichap-brokered sale.

SCOTTSDALE, AZ-The Village Inn in Scottsdale's northern submarket has changed hands in a $1.2-million deal. Leon Schneider, a Beverly Hills, CA-based investor has acquired the eatery from seller CNL Restaurant Property Services.