PHOENIX-Cushman & Wakefield of Arizona reports market conditions are changing, including a decline in new construction, although no one submarket experienced six-figure absorption for first quarter 2002.

PHOENIX-Brokers from Insignia/ESG represented the tenants in all four transactions, which run the gamut from new leases, a renewal and expansion. The properties are in Tempe, Scottsdale and the West Valley.

HOUSTON-The joint venture intends to build a football field-size, leading-edge cargo facility on 8.4 acres at the Bush Intercontinental Airport. The duo hopes to be first out of the ground of the four buildings planned by multiple developers.

RENO, NV-Incline Properties, a residential brokerage, has been acquired by Dickson Realty, a firm well known for both commercial and residential sales in Northern Nevada. Sixteen brokers are added to the operation, which is moving to larger offices.

PHOENIX-A private investor purchases the 12-unit Canyon Gardens with plans to upgrade interiors and raise rents to market level. The 41-year-old property is normally fully leased due to its below-market prices.

HOUSTON-Williford Property Group heads across the Texas border into Louisiana, where it has just bought the assets and is taking on the staff of Focus Properties. The acquisition renews a working relationship between the firms' leaders.

PHOENIX-MC Development Corp. and DITRON Inc. have acquired lots in the Northwest Airpark, a 65-acre project at the crossroads of 19th Avenue and William Road in Phoenix. Both intend to own, build and occupy their structures.

PHOENIX-Cushman & Wakefield of Arizona reports market conditions are changing, including a decline in new construction, although no one submarket experienced six-figure absorption for first quarter 2002.