PHOENIX-High-Tech Institute of Phoenix crafts a 45-month lease, with an $825,000 price tag, for office/warehouse space right next door to its school. The school's staff will move in Aug. 1.

PHOENIX-A Chatsworth, CA buyer pays $1.8 million, assuming a $1.3-million conduit loan to beat 11 others for the Carlton Court apartments at 5024 E. Thomas Rd. The complex, with six vacancies, has been on and off the market for years.

TEMPE, AZ-The convenience store retailer commits to an eight-year term for a 75,489-sf building in the Warner Crossing Business Park. Closer proximity to Loop 101 and Interstate 10 drive a relocation from Papago Park Center.

PHOENIX-Schorleaf Inc., a manufacturer and distributor of commercial signs, drafts a 66-month lease with a $973,440 payout for the Van Buren Distribution Center. The new deal triples the firm's production space.

PHOENIX-Western Millwork's owner gives the green light for a 33,962-sf acquisition in the Hewson Westside Business Park. The $1.4-million purchase closes just four months after the firm signs a two-year lease.

PHOENIX-Gray Development trades the 138-unit Clarendon Park to Solid Goods Corp., a La Jolla, CA-based investor floating a $7.2-million bridge loan to make the close. The buyer outruns 11 other investors trying to lasso the deal.

PHOENIX-With the office market still a challenge, owners continue to set the hook with free rent and full TI packages. A Florida-based software company takes the bait with a five-year lease, worth $3.7 million, for 32,910 sf in the Four Gateway office building.

MESA, AZ-After a seven-month run on the market, the 86-unit Mesa Terrace passes from a California seller to a local buyer gaming out a condo conversion for the two-bedroom units. With 40 empty apartments, the plan can start ASAP.