AVONDALE, AZ-A Southern California investor trades out of a Chicago retail asset to purchase Avondale Shopping Center for $5.5 million. The 46,008-sf, grocery-anchored center generates more than a dozen offers.

KINGWOOD, TX-A 134-unit, assisted-living condo complex gets scooped up by a local investor after two other owners let the five-year-old property go into bankruptcy. The new owner of Westminster House takes control with a three-year loan.

JACKSONVILLE, FL-The grocer incurred most of the loss from discontinued operations, lease terminations and employee terminations.

HOUSTON-Kevin Hodges, a founding principal of Cresa Partners in Houston, and Rand Stephens, former managing partner of Blackstone Partners, are named senior managing directors. The rest of the Blackstone team become managing directors.

PEORIA, AZ-A husband and wife team from Southern California enters the market with the $4-million acquisition of Country Village Apartments. The couple uses 1031 Exchange funds from an apartment complex in San Diego to close the deal.

PHOENIX-Southwest Hospitality Management lays down $2.8 million for the 8101 N. Black Canyon Highway property. The Flagstaff, AZ-based company plans to re-flag the hotel, bought from AEW Capital Management.

CHANDLER, AZ-The leasing team at Arizona Corporate Plaza closes three deals totaling 14,445 sf, getting long-term commitments and a $375,000 combined payout. The 11-building complex was 20% empty when the year began.

HOUSTON-With $23 million in hand, the City of Houston expects to take possession of 5.3 acres from Crescent Real Estate Equities Co. later this year, setting a plan into motion for a central park near the convention center.