PHOENIX-SCI Real Estate Investments and 18 tenant-in-common investors buy the 832-unit Deer Valley Village Apartments, besting 19 would-be buyers for the Archstone-Smith development. The all-in price tag could be the state's largest multifamily sale.

HOUSTON-Canfield Houston, an affiliate of Cannon Development LLP, acquires a trio of class B multifamily properties in separate transactions, allowing one seller to exit Texas. Meanwhile, talks are underway for another 800 units for the Houston portfolio.

HOUSTON-Austin/Houston Investors will break up the 15 acres for resale and build-out for multifamily and single-family uses. The seller is a local private investment fund that held onto the title nearly two decades.

PHOENIX-Milwaukee-based US Bancorp takes 16,681 sf at 101 N. 1st Ave. in the downtown. The 10-year lease has a payout of nearly $3.3 million to the New York City-based building owner, BankAm LLC.

PHOENIX-Olympic Mortgage Corp. signs a six-year pact, valued at $700,000 for 88,662-sf Country Club Manor at 1221-1313 E. Osborn Rd. The new deal signals the start of a sales campaign by Prudential Financial.

HOUSTON-ZOM Texas Inc. starts work on 7.5 acres along Allen Parkway in the Montrose/Museum District. The project's cost is not available, but similar ones recently have brought $150,000 per unit, making ZOM's project worth more than $65 million.

TEMPE, AZ-Cyburt Ludeman & Hall and Wilshire Capital Partners LLC are in the process of re-entitling the 27.3-acre, mixed-use campus for resale purposes. The first to go will be a four-acre piece of undeveloped land and an 85,000-sf building.

PHOENIX-The city, setting up a program to reduce construction debris by as much as 75%, agrees to a build a 21,933-sf service and maintenance facility at 4255 W. Glenrosa Ave. to process incoming materials.