PHOENIX-LGE Design Build kicks off development of Parkside Business Center with a six-building mix of spec and build-to-suit product for light industrial and office use. As the first wave crests, the developer's already chasing the permit for phase II.

PHOENIX-A California investor purchases the Christown Villas in Central Phoenix for slightly more than $1.1 million after more than a year of the holding bouncing on and off the market. The sale jumpstarts an extensive renovation for a repositioning.

PHOENIX-JB's Family Restaurants of Tempe gets $900,000 for its 2620 W. Indian School Road location in a sale/leaseback campaign to retire debt. Another closing is penciled in for the coming week and a sixth is still up for grabs.

PHOENIX-The office products, on the market at least a year, sell for $4.2 million to two buyers sizing up turnaround opportunities. One gets a 40,946-sf Sky Harbor building and the other lands a 27,036-sf, five-building complex in the northwest submarket.

FOUNTAIN HILLS, AZ-Staletovic Property Holdings shells out about $3.2 million for shopping centers in Fountain Hills and Mesa to join a growing wave of property buyers dumping multifamily portfolios for solid retail products around town.

PHOENIX-A California investor closes on the 36-unit Phoenix, a 41-year-old holding with turnaround promise. Positioned near class A properties, the just-bought complex had four openings at sale time.

MESA, AZ-An Ohio buyer wins the race for the Sandbridge, a two-year-old complex developed by Fairfield Residential. The 91%-leased complex has units that average 893 sf with a median rent of $900 per month.

PHOENIX-Long-term investment is the game plan for two California investors as they lay down about $1.8 million for a 32,400-sf industrial building in the Sky Harbor submarket. Full occupancy and a sub-9% cap rate lure the buyers to the deal.