TUCSON-AF Sterling Home Builders of Tempe nabs the last large piece of vacant land in the Catalina Foothills for $7 million, eyeing build-out with townhouses and office space on land with mountain and city views.

HOUSTON-Jeb Cox joins the team as a director of multifamily acquisitions. In his new role, Cox will be responsible for helping Creekstone Partners identify and analyze markets for future apartment acquisitions.

PHOENIX-Parsons & Goltry is planning an early 2005 move into 3,300 sf at 4000 N. Central Ave. in City Square, gaining an extra 1,100 sf and saving $5 per sf to $6 per sf in occupancy costs.

PHOENIX-The organization's Valley of the Sun chapter leases a 25,000-sf building at 115 E. Watkins St. The five-year lease puts about $1 million in the pockets of building owner, First Industrial Realty Trust and fills a spot set to be emptied in 30 days.

HOUSTON-Unit Drilling Co., a machinery repair operation, buys a 12,500-sf warehouse after a two-year search for a site in the region that met its needs. A five-year-old building outfitted with a 20-ton crane and 4.5 acres with outside storage fit the bill.

Fort Myers, FL- Chico's FAS Inc. reports record third quarter sales, compelling the apparel retailer to set a $2 billion revenue target.

WEBSTER, TX-A 60,000-sf retail and office center garners 10 offers before trading to a private investor for $2.5 million. The new owner will put in extra capital to reposition the 20-year-old Webster Square.

SCOTTSDALE, AZ-Hewson Development Co. deviates from its typical core business of industrial development to acquire Thompson Peak Corporate Plaza IV, a 12,526-sf, multi-tenant office building for $2.2 million in a quick-turning sale to satisfy a 1031 exchange.