TEMPE, AZ-HSL Properties of Tucson snags a good deal from bankruptcy court, taking the title to MicroAge's office building in Tempe. The real estate company pays $8.5 million for the 150,000-sf holding and already is talking to a 100,000-sf prospect.

SCOTTSDALE, AZ-Fender Musical Instruments is unpacking from a corporate headquarters relocation into 55,000 sf of the Chaparral Business Center, a 25-acre park on an Indian reservation. Three buildings are done and fourth's on the drawing boards.

GILBERT, AZ-Dirt's just started flying on Gilbert's municipal complex, a $34.2-million, two-building undertaking. The projects will bring 207,000 sf of class A space for public safety divisions as well as all development-related entities.

PHOENIX-A $14.3-million financing is in place for the $19-million acquisition of the 240-unit Riverwalk Apartments in Phoenix. Investor Howard Pattis and PACE Management of Chicago secure a 10-year loan, with 30-year amortization, at 6.94%.

PEORIA, AZ-Woodbum Discount Foods, headquartered in Wilsonville, OR puts up $1.53 million for an Arby's Restaurant in a suburb northwest of Phoenix. A Phoenix team from Marcus & Millichap and a Portland, OR commercial realtor negotiate the deal.

PHOENIX-Nashville-based Vanguard Health Systems is chasing another hospital buy in the West Valley. Under contract is the 159-bed Paradise Valley Hospital. Three area hospitals in three years is the way the strategy is panning out.

PHOENIX-A bankruptcy court clears the decks for pension fund investors to get repaid by former Arizona governor, Fife Symington. He must repay upward of $2 million or 40% of a trust and provide information to aid an investors' lawsuit against Wells Fargo Bank.

PHOENIX-VHS Phoenix Health Plan has signed a 20,050-sf pact, valued at $1.2 million, for Central Park Forest in midtown Phoenix. It's a bright spot in a grim submarket that carries a 14% vacancy, sans sublease space.