PHOENIX-GD Investors Inc., an investment group from Costa Mesa, CA, gets the keys to Pierson Place Apartments for $1.3 million. The 28-unit, class C complex near Camelback Road is 93% occupied.

HOUSTON-Greenberg & Co. uses the Centre@Greenway as collateral for a $10.6-million loan with a 10-year term and 5.56% fixed-rate interest. The seven-year-old center is labeled as marquee-quality real estate with a full roster of national and local tenants.

CASA GRANDE, AZ-The Las Vegas group puts up $15 million for 318 acres in the southern sector. Though city approvals have yet to be secured, the tentative plan calls for a 20-acre multifamily project, 500,000-sf power center and 800 single-family lots.

CASA GRANDE, AZ-The Las Vegas group puts up $15 million for 318 acres in the southern sector. Though city approvals have yet to be secured, the tentative plan calls for a 20-acre multifamily project, 500,000-sf power center and 800 single-family lots.

HOUSTON-LIN Indrio Inc. of Miami takes over the empty warehouse for close to $3.2 million, setting up a value-add plan with minor repairs and lease-up. The seller parts with an 8.5-acre property assessed at $4.1 million.

SCOTTSDALE, AZ-A couple in a 1031 exchange, Sherif and Zyrafete Zenullahi, drops $1.8 million for the 28-unit Sir Lancelot Apartments, a 90%-leased complex that attracted 10 offers when it hit the market.

MESA, AZ-Arivest Corp. finds 100% of the capital needed to build Kiowa Village Retail Center, securing a $9.8-million loan with a one-year, interest-only term at a rate of prime plus 2%. The project was 27% preleased at the closing.

PHOENIX-Metropolitan Life Insurance Co. beats out 20 other prospective buyers with an all-cash offer of $162.5 million for Camelback Esplanade I and II. The 522,380 sf of trophy space sets a new record for the Valley: $310.68 per sf.