FLAGSTAFF, AZ-American Property Development Southwest LLC pays $2.6 million for 11.3 acres of "ready to go" multifamily-zoned land near Northern Arizona University. Ground will break ground in September on the 192-unit Sterling Ridge.

HOUSTON-Two five-year leases push occupancy to 72% in University Business Park. Global Group Logistics will open its first local warehouse in a 100,772-sf building while Velocity Express will relocate its delivery group into 48,950 sf.

SCOTTSDALE, AZ-Jeff Teets, with 15 years of retail experience, becomes the first CFO for the developer, picking up a partner's title along with the job change. Since 2004, he's been working as a consultant, counting RED Development as a client.

SCOTTSDALE, AZ-Jeff Teets, with 15 years of retail experience, becomes the first CFO for the developer, picking up a partner's title along with the job change. Since 2004, he's been working as a consultant, counting RED Development as a client.

PHOENIX-The discount retailer takes a seat as an anchor for the 22-acre Cave Creek Marketplace by spending $10.4 million for 16.1 acres. Costco plans to deliver its 11th store in the Valley by year's end.

PHOENIX-The discount retailer takes a seat as an anchor for the 22-acre Cave Creek Marketplace by spending $10.4 million for 16.1 acres. Costco plans to deliver its 11th store in the Valley by year's end.

HOUSTON-A 13-year professional, Steve Wendling, comes on board as director of finance after his predecessor, Tre Banks, is named a partner on the Craig LaFollette, Todd Stewart and Todd Marix team.

NANTUCKET, MA-The sporting goods retailer, which focuses on small markets, outlines a growth strategy that calls for 1,000 stores by 2012.