PHOENIX-Koll Development has joined 12 other developers bringing office structures out of the ground in the bustling Interstate 17 corridor and Loop 101. Koll's broker has closed more than 30 land sales in four years for the stretch.

PHOENIX-A Litchfield-based private investor is the new owner of a 35,300-sf distribution center that is leased to the Arizona Republic. The investor has paid $3.5 million, the same as last year's buyer for another of the paper's distribution facilities.

SCOTTSDALE, AZ-Bataa Oil Inc., headquartered in Greeley, CO, has used part of the proceeds from oil well sales to buy the Kierland Corporate Center. The 109,800-sf office structure has brought $21 million or about $200 per sf.

PHOENIX-A Honolulu investor is hawking his Phoenix apartment complexes in a plan to pump proceeds into buying a Washington state hotel. R. Blake Johnson already has secured $4.7 million for one complex and has a $4-million sale pending, says the broker.

PHOENIX-The multifamily market isn't faring so well, with 30% fewer bids coming in for available properties. Institutional investors have turned their backs on the market and the private investment sector is being cautious due to modest-to-flat rent growths.

PHOENIX-CB Richard Ellis has snagged the management pact for an 11 office buildings owned by Starwood Asset Management. The properties total more than 1.3 million sf, 10 of which are in Phoenix and one in Mesa.

PHOENIX-The multifamily market isn't faring so well, with 30% fewer bids coming in for available properties. Institutional investors have turned their backs on the market and the private investment sector is being cautious due to modest-to-flat rent growths.

SCOTTSDALE, AZ-Minneapolis-based Ryan Cos. and Virginia-based Markel Corp. have a 50,000-sf office building in the works for N. Scottsdale. Developer Ryan plans a summer groundbreaking so Markel can occupy 30,000 sf in early 2002.