CHANDLER, AZ-A California private equity firm outbids five other investors eyeing the 234-unit Stonegate Village Apartments. Closing at a 6.73% cap rate, the return will come when steep concessions burn off for the 92%-occupied, class A development.

PHOENIX-A low price per foot proves key in one local buyer's purchase of a 40,145-sf industrial property--featuring three buildings--on South Central Avenue. The partnership signs on the fully leased offering for $600,000.

PHOENIX-A performing arts school nearly doubles in size after experiencing healthy student population increases during its first year in Deer Valley. The school extended its 10-year lease worth approximately $4.8 million, fully occupying a building in the Arizona Business Park.

PHOENIX-A 14-month escrow period provides a difficult, but not insurmountable obstacle to acquiring the fully occupied Fairmount Greens in the Camelback Corridor. The California buyer foresees repositioning the property for a long-term hold.

SCOTTSDALE, AZ-A franchisee of the women's fitness chain signs a five-year lease with a $267,000 payout for a 2,116-sf spot in Village Crossroads. It is the fifth Curves deal for the Wisconsin-based owner.

PHOENIX-With three of four owners retiring, the doctors sell a 10,390-sf office building on the west side of the city to a first-time Phoenix buyers. The Salem, OR couple was one of four investors vying for the investment property.

TEMPE, AZ-A Washington State-based partnershipovercomes difficult seller requirements to pick up theBali Lanai and Palm Villa apartments in the heart ofthe city's student rental market. Boasting a combined 110units, both properties were held by the previous ownerfor more than 30 years.

LAKE HAVASU CITY, AZ-A Colorado buyer inks a $4.2-million purchase deal for the 45,997-sf McCulloch Center. The 1974 center includes a newly remodeled Albertson's grocer-anchor as well as a 4,000-sfrestaurant pad.