TUCSON-An investment group buys the 270-unit Tamarack Apartments for $7.6 million. Future growth is in the cards for the complex, which lies just within the border of the city's massive $800-million Rio Nuevo economic redevelopment project.

TEMPE, AZ-Aziz LLC purchases a two-building warehouse/showroom property in Tempe for about $2.1 million at the convergence of Loops 101 and 202. The deal gives the wholesale furniture and accessories business enviable frontage on Rio Salado Parkway.

PHOENIX-The Atlanta-based Keyston Bros. signs a seven-year lease for industrial space in the southwest submarket. The distributor of automotive and marine fabrics is doubling its leased area to absorb some of its Southern California distribution business.

GLENDALE, AZ-A California buyer picks up the 160-unit Walnut Grove Apartments in an all-cash deal. Quick turnaround is planned as the new owners tackle issues of vandalism, deferred maintenance and a 40% occupancy.

MESA, AZ-Irmas Fitness LLC buys the Greenfield Business Center II for about $4.1 million, looking beyond its 70% occupancy toward greener pastures. The California investor is confident that the two-year-old building can be turned around.

PHOENIX-A Phoenix private investor has purchased a brand-new speculative industrial building for $1.7 million, citing amenities like power, fenced and paved yard and central location as the deal maker. The 24,892-sf building includes 2,200 sf of office space.

PHOENIX-A Los Angeles property group has purchased the Hazeltree Apartments for $7 million and will put another $1 million into a renovation. A year ago, one of 28 buildings was leveled in a gas line explosion.

GLENDALE, AZ-The city's reputation as a destination for Arizona's top stadium sporting events is helping boost office growth. California Casualty signs a 10-year lease worth $5.5 million for Talavi Corporate Center.