PHOENIX-Arizona Business Bank takes advantage of the market and crafts a 21,907-sf office lease 18 months before it plans on moving to 2600 N. Central Ave. The 11-year deal spans the penthouse and street-level space. The play book includes a trio of branch openings.

TEMPE, AZ-After two years in Airway Corporate Center, Limelight Networks Inc., eyeing a February kick-off for the terms, boosts the bottom line to 20,870 sf with a five-year renewal and expansion into 7,529 sf of flex industrial space right next door.

HOUSTON-J. Philip Ferguson, an investment expert with 33 years' experience, wins the promotion after four years with AIM Investments. He will have overall responsibility for long-term investment operations.

DELRAY BEACH, FL- Office Depot launches a new advertising campaign focused on the tagline "Taking Care of Business.

HOUSTON-Sverdrup Technology, armed with a $1.2-billion contract, signs a five-year lease for class B office space at 2224 Bay Area Blvd. near the Johnson Space Center. The lease is valued between $6.5 million and $6.9 million.

PHOENIX-Armed with 1031 exchange funds from a California multifamily sale, Harvest Research & Development pays $10.8 million for the 213-unit Terrace Park Apartments, a 92%-leased, class B complex on the city's west side.

PHOENIX-Mark Stevenson, an industrial broker with nine years' experience, wins the promotion after six years with Coldwell Banker Commercial Metro. The firm's president credits the veteran with being a consistent producer and mentor.

GLENDALE, AZ-An 18,000-sf structure, leased to the city's municipal courts, nets $2.6 million from an investment partnership seeking to complete a 1031 exchange with proceeds from assisted living facilities.