MESA, AZ-A Beverly Hills, CA multifamily buyer picks up the Country Club Apartments for $1.3 million from a long-time Mesa investor. The deal is one of a slew of recent multifamily purchases by California investors.

PHOENIX-A Chicago investor, with an eye on the upside, purchases the Brookfield Terrace apartments with a repositioning plan in hand. The 1969-built complex along North 19th Avenue sells for 91% of the list price.

PHOENIX-The shopping center sells in back-to-back transactions that had an investment group buying the entire property and flipping a 112,513-sf Fry's Marketplace to Smith's Food & Drug for $13.2 million. The investors hold onto 29,750 sf of inline space.

PHOENIX-Building Partnership One pays $1.2 million for a 17,700-sf industrial facility, allowing the Chandler-based woodworking company to expand into the Phoenix submarket with 20 new employees.

PHOENIX-Buzz Oates and EJM Development will build out the Southwest Valley land with a spec industrial park after polishing off an acquisition of a rare infill site for bulk distribution warehouse and office product.

PHOENIX-A San Francisco investor pays about $1.3 million for the apartment complex in the central west submarket. The property's proximity to a Wal-Mart-anchored retail center should make repositioning a good prospect for boosting rents.

SCOTTSDALE, AZ-The Summit at Scottsdale lands three tenants for a two-year-old shopping center in busy high-end North Scottsdale trade market. The new deals carry a combined $1.1-million payout over the five-year terms.

SCOTTSDALE, AZ-In back-to-back transactions the North Scottsdale Gateway office building was bought, flipped at a $2.5-million profit and a lease signed by the seller to cap off a double escrow deal between United Insurance Co. and WKL LLC.