PHOENIX-The Arizona Board of Regents and Arizona Municipal Water Users Association have inked lease renewals for 13,470 sf and 8,450 sf, respectively. The two pacts for uptown buildings are valued at more than $2.5 million.

TOLLESON, AZ-Becknell Holdings LLC, based in Champaign, IL, has closed a $375,000 deal for a little more than five acres abutting Nabisco's distribution center. The buy will fuel a large-scale expansion of Nabisco's Tolleson operations.

PHOENIX-The region's industrial market is on a roll, keeping values up for the seventh consecutive year, according to a new survey. A historical high of $50.58 per sf has been calculated as a result of last year's activity, up $1.66 per sf from the prior year.

TEMPE, AZ-The Papago Buttes Corporate Plaza, a 160,000-sf vacant headquarters building, is attracting a lot of interest, particularly from California companies. Tosco had the structure built, but won't be occupying it due to a Phillips Petroleum takeover.

TUCSON-Rising home costs seem to be the underlying cause for an apartment demand that's double from last year's Q1 figures. Demand is up and construction is down, according to Hendricks & Partners' latest multifamily report.

TUCSON-Rising home costs seem to be the underlying cause for an apartment demand that's double from last year's Q1 figures. Demand is up and construction is down, according to Hendricks & Partners' latest multifamily report.

PHOENIX-A $5.4 million sale of the 124-unit Brookfield Apartments has commanded a sales price of $7,500 per unit more than the region's average. Phoenix's Canbrook Ltd. is the seller and KMS Management Inc. of St. Louis, MN is the new owner.

PHOENIX-A local investment firm has shelled out $6.1 million for business parks in Phoenix and Mesa to an institutional investor. In all, the Presson Corp. acquisition consists of four buildings and nearly 120,000 sf.