PHOENIX-The first positive sign this year for the Phoenix office market is just a sweet reprieve, says Cushman & Wakefield's senior director in Arizona. The honeymoon of a 117,000-sf net absorption ends in Q4 when an extra 2.5 million sf comes to market.

PHOENIX-Hard Rock Cafe has closed a deal for its second Phoenix-area eatery. The popular venue is eyeing a spring 2002 opening for the 512,000-sf first phase of Collier Center in the city's CBD.

PHOENIX-The first positive sign this year for the Phoenix office market is just a sweet reprieve, says Cushman & Wakefield's senior director in Arizona. The honeymoon of a 117,000-sf net absorption ends in Q4 when an extra 2.5 million sf comes to market.

PHOENIX-DFD Architecture and Cornoyer-Hedrick welcome a new era with today's nuptials. The teaming creates one the state's largest firms and one that plans to vie for practically every high-profile project in the Southwest.

MESA, AZ-A 35,600-sf medical and general office building in Mesa brings more than $126 per sf for its Phoenix-based seller. The fully leased Fiesta Square abuts the East Valley's oldest and most popular regional mall.

PHOENIX-First Industrial Realty Trust is working the Valley market to the max, breaking ground on its third construction project. The latest is a $15-million, 259,000-sf undertaking near Sky Harbor International Airport.

PHOENIX-Promotions and hires come down the pike for four real estate-related and architectural firms in the Valley. Included in the changes are CB Richard Ellis' Phoenix office, which adds a first vice president and a vice president to its roster.

TEMPE, AZ-Boston-based REIT, Cabot Industrial Trust, picks up a six-building portfolio, totaling 140,000 sf, in Tempe's Broadway Business Park. Seller Shidler Group of San Diego reaps about $9 million for the 93%-occupied package.