CHANDLER, AZ-A fully leased medical office building trades to a local buyer in a 1031 Exchange for $3 million. Situated in a fast-growing submarket, the 9,908-sf building at 600 S. Dobson Rd. sells at an 8% cap rate.

PHOENIX-Clifton Gunderson LLP, the 12th largest accounting and consulting firm in the nation, will expand by 50% by moving right down the street to Phoenix Corporate Center. The lease is welcome news for a submarket with a vacancy nudging 25%.

PHOENIX-A new self-storage property receives two unsolicited offers within hours of each other. After a bidding war, it goes under contract to a private buyer for $4.3 million.

PHOENIX-A vacant building trades to a group of investors for $1.6 million. The buyer, a local physician, will occupy a portion of the building.

PHOENIX-McShane Corp. and Globe Corp. rev up construction engines after landing a 10-year lease to anchor the second phase of East Gateway Centre. The radio station owner takes 71,000 sf for a consolidation plan.

SCOTTSDALE, AZ-The metro is stronger than players think, says one of the pros at NAIOP's Trendwatch 2004. Office vacancy is predicted to steadily decrease over the next two years while absorption is forecast to surpass two million sf in 2005 and 2006.

PHOENIX-Alliance Residential Co. adds the 228-unit Mountain Canyon, adjacent to the Phoenix Mountain Preserve, to its hometown portfolio. The property, with occupancy above 95%, is snapped up for $18.5 million.

PHOENIX-The sales crisscross all classes and metro submarkets, an affirmation of the hardy appetite of investors for Arizona assets. Three SoCal investors and two from Phoenix take the deeds in two days of whirlwind closings,