CHANDLER, AZ-A private investor from Sherman Oaks, CA pockets keys to First American Plaza after a 10-day escrow. The first-time Valley buyer, vying against three other prospective buyers, drops $4.1 million for the 92%-occupied center.

PHOENIX-Downtown leads the pack when it comes to the biggest drop in office vacancy, posting a rate of 13.9% at the end of the second quarter versus 16.6% at the Q1 close. Leases like the state's 74,495 sf get credit for the change.

PHOENIX-After leasing 9,700 sf for eight months, the owner of Clothing Depot decides to pay $8.9 million for the 63,987-sf, grocery-anchored center. The fully leased asset trades at a 7.4% cap rate.

PHOENIX-After leasing 9,700 sf for eight months, the owner of Clothing Depot decides to pay $8.9 million for the 63,987-sf, grocery-anchored center. The fully leased asset trades at a 7.4% cap rate.

PHOENIX-After leasing 9,700 sf for eight months, the owner of Clothing Depot decides to pay $8.9 million for the 63,987-sf, grocery-anchored center. The fully leased asset trades at a 7.4% cap rate.

HOUSTON-LeeMark Cabinet Imports Inc. and PM International Ltd. ink three-year pacts for 13,251 sf and 5,286 sf respectively. The new deals nudge occupancy to 97% in the two-building industrial development.

CORPUS CHRISTI, TX-The city's most prominent office complex, One Shoreline Plaza, rolls out of foreclosure and into the hands of One Shoreline Properties Ltd., an investment group from Los Angeles. The class A, office towers are 80% occupied.

CORPUS CHRISTI, TX-The city's most prominent office complex, One Shoreline Plaza, rolls out of foreclosure and into the hands of One Shoreline Properties Ltd., an investment group from Los Angeles. The class A, office towers are 80% occupied.