PHOENIX-Younan Properties Inc. purchases the 275,000-sf, class A office building in the CBD from Credit Suisse First Boston in a 60-day start-to-finish close. The 20-story building, now 55% occupied, pushes Younan's CBD foothold to 675,000 sf.

PHOENIX-A Southern California investor snatches a 33-unit apartment complex, Oak Court, for $910,000. The sale of the 80%-leased holding trades at a 5% cap rate and ends all ties to the metro for Lebreton LLC of Santa Monica.

PHOENIX-MCO Properties buys 3.5 acres in Papago West Business Park for $360,786 from Murray Plumbing & Heating Co. of Rancho Dominguez, CA, which abandons a plan to build. Now, it will house a repair facility for Oshkosh, WI-based McNeilus Truck.

PHOENIX-S&P Investments Inc. of Los Angeles marks its first spot in the Valley with the $1.8-million buy of the 38-unit Villa Riviera, a 1950s-era complex that earned 10 offers within a week of hitting the market.

Winston-Salem, NC- Krispy Kreme slows its expansion plans facing Wall Street's gloomy forecast and an SEC investigation.

PHOENIX-Out-of-state multifamily investors step up their interest in the Valley of the Sun, lured by strengthening market conditions and properties' relative affordability, according to Marcus & Millichap's new report.

PHOENIX-Wal-Mart picks up the elbow room at the 19th Avenue & Pinnacle Park CommercePlex in the Deer Valley submarket. The discount giant crafts a short-term lease for regional overflow space for stores in Arrowhead, Deer Valley and Peoria.

TUCSON-A group of Carmel Valley, CA investors make their fourth buy in the Valley with the acquisition of Deerfield Village on Fort Lowell for $8.3 million. The class B complex get 10 offers in a one-month marketing period.