MESA, AZ-McDowell Properties negotiates the $16.9-million acquisition of the 92%-leased Tierra del Sol after acting on a tip from its property management group, which has overseen the class B complex for the past decade.

MESA, AZ-McDowell Properties negotiates the $16.9-million acquisition of the 92%-leased Tierra del Sol after acting on a tip from its property management group, which has overseen the class B complex for the past decade.

PHOENIX-GeGe, scoring an off-market win, spends $8.6 million for the 125,000-sf Arizona Lifestyles Gallery, a 55%-leased retail showroom on 10 acres of prime infill land. The sale includes a pair of ground leases.

PHOENIX-Security Mortgage Corp. drops nearly $2 million for the ClareWeld office building. The acquisition comes with a first-floor tenant and a vacant second story, which is being primed for the buyer's corporate headquarters.

ALVIN, TX-The locally based Minkoff Family Partnership gets a $3.2-million loan for four-month-old Morgan Oaks Apartments. The 80%-loan-to-value financing offers a 10-year term at a fixed-rate interest of 5.24%.

FORT MYERS, FL- Upscale women's retailer Chico's FAS will focus on intimate apparel with its Soma concept.

PHOENIX-Newcastle Properties takes over the 274-unit Desert Sky Apartments and 216-unit Desert Wind Apartments for $10.1 million and $8.6 million, respectively. The 1980s-era, class C complexes are 90% occupied.

PHOENIX-Newcastle Properties takes over the 274-unit Desert Sky Apartments and 216-unit Desert Wind Apartments for $10.1 million and $8.6 million, respectively. The 1980s-era, class C complexes are 90% occupied.