PHOENIX-A Minneapolis developer pays $2.1 million for a 114,000-sf tract at the crossroads of 7th Street and Baseline Road after waiting for a needed realignment to build out the site. Road construction and a 15,000-sf building should be ready to go by Sept. 1.

PHOENIX-A roofing contractor bids farewell to being a tenant, buying an 8,688-sf industrial building along East University Drive. The deal means more room with quick access to Interstate 17 for the Phoenix-based buyer.

PHOENIX-A Scottsdale buyer calls it a wrap with the $12.9-million purchase of a 14-screen AMC movie theater at the Esplanade. With neighbors like the Ritz Carlton and Biltmore Fashion Mall, the multiplex trades with a 9% cap rate in tow.

SCOTTSDALE, AZ-The 28,548-sf Citadel, situated at one of the city's most desirable intersections, sells for about $5.5 million to a Phoenix investor, one of five chasing the deal for the class A, retail-and-office asset.

TUCSON-In the coming weeks, Opus West will break ground on an 80,000-sf office/warehouse project for the Department of Veterans Affairs, which signed a 15-year lease as a replacement for an L.A. pharmaceutical processing facility.

GILBERT, AZ-A San Jose, CA investor brings his money east to buy the 25,500-sf Mountainside Fitness Center at 725 W. Warner Rd. The deal closes with an 8.8% cap rate to a first-time metro buyer.

TEMPE, AZ-AIM Leasing Co. of Girard, OH, negotiates a seven-year lease for its second location in the metro. Although build-to-suit lease deals typically cost more, the tenant is able to negotiate more specific user requirements in the transaction.

PHOENIX-Crown Pacific and AEW Partners cross the finish line ahead of nine others vying for the class A Portofino Apartments. The JV spends close to $33.5 million, just a bit shy of the ask, to win its third multifamily deed this year in the metro.