PHOENIX-Local investors put down just under $3 million for a 24,000-sf flex building in North Phoenix. The deal is one of a few of its kind since combination retail and warehouse properties are in short supply and high demand.

PHOENIX-The architectural millwork services company finalizes a $1.4-million plan to lease and then purchase a 33,962-sf industrial building in the Hewson Westside Business Park. The company plans to exercise the purchase option by the end of the year.

PHOENIX-The fully leased Highgate Plaza in the central city sells for nearly $1.4 million, marking a trend among retail property owners for investing in smaller assets with local credit and high occupancies.

PHOENIX-Vista Control Systems pens a three-year lease for a Skypark Commerce Park industrial building in the Deer Valley submarket. The high-end video graphics maker will pay out $300,000 over the term and gets a purchase option with the deal.

SCOTTSDALE, AZ-Bedford Property Investors bulks up its Arizona office portfolio with the $17.3-million purchase of the fully leased 9060 E. Via Linda. A recent preferred equity offering enabled the Lafayette, CA-based REIT to partially finance the acquisition.

SCOTTSDALE, AZ-Stiff competition makes re-tenanting class A and B office buildings a challenge--but not an impossibility--in Scottsdale. Such is the case for LeBaron & Carroll Insurance, which recently signed a five-year lease valued at $500,000.

SCOTTSDALE, AZ-With the land in hand, McDowell Mountain Storage will spend $3 million to develop the corner of 94th Street and Bell Road with a 105,013-sf mini-storage complex with an underground level planned with a wine cellar and storage lockers.

MESA, AZ-Pressure to buy multifamily properties coming from California shows no signs of slowing down, with the latest being the $1.1-million purchase of the 20-unit Irving Manor, one many offerings setting new bars for appraisals and sales in the region.