HOUSTON-PaperCity plans an immediate move into class B office space after signing a long-term lease to relocate its headquarters from a building that was ticketed to be razed. The new deal takes Richmond Tower to 90% occupancy.

PHOENIX-Passco Real Estate Enterprises, aided by a 1031 exchange pool, pays $40.5 for Alanza Place, a 96%-occupied complex built three years ago by Trammell Crow Residential. It's the Irvine, CA company's second class A purchase in a month.

PHOENIX-Passco Real Estate Enterprises, aided by a 1031 exchange pool, pays $40.5 for Alanza Place, a 96%-occupied complex built three years ago by Trammell Crow Residential. It's the Irvine, CA company's second class A purchase in a month.

GLENDALE, AZ-Via West Properties pays $1.2 million for 9.8 acres at the southwest corner of 71st and Northern Avenues. The Phoenix-based developer plans to sell off the land to industrial owner/users.

PHOENIX-ReachOut Healthcare America collects $4.2 million for a 23,000-sf, class A, office build-to-suit. To close the deal, the provider signs an 8,300-sf, seven-year lease with buyer, Gill Group Inc., which plans to put one of its divisions on the first floor.

HOUSTON-Josef Marom of Bellaire pays $600,000 for the 10-unit Woodhead Apartments, the third class C complex he's picked up this year in the Inner Loop neighborhood for a redevelopment plan that includes an abutting three acres.

FLAGSTAFF, AZ-The Woodcrest, one of the few class B complexes to come on the market in the city, sells to a Southern California investor for $14.3 million after a seven-month wait while the buyer wrestles to assume a conduit loan.

HOUSTON-Badat Inc. claims a 5.5-acre parcel on the west side of Bammel North Houston Road to develop a mixed-use project with multifamily and retail space. As the plan develops, a small office park might be rolled into the mix.