Phoenix

TEMPE, AZ-Months after selling another multifamily property, Nuvida Ventures plows its 1031 exchange money into the 172-unit Paxton on Rural.

PEORIA, AZ-The Southern California investment group buys the 10-year-old Northwest Garden with 1031 exchange funds from the sale of a 1953-built complex in the metro.

PEORIA, AZ-The JV sells the 163-unit high-end townhouse project to PrivatePortfolio Group of Seattle. With the deal done, the JV is looking to sell the 240-unit sister.

PHOENIX-After nearly two years of courtship, Charles Miscio, Keith Lambeth, Todd Noel and Michael Crystal exit CBRE to carve out new space at Colliers.

PHOENIX-Opus West will build the 131,850-sf Northgate Corporate Centre on a 13-acre tract that it leased from the state. Work starts in January.

DEER VALLEY, AZ-The company buys five buildings, totaling 81,477 sf or half of the first phase of Alameda Business Park. The extra space will be ready to occupy in early 2008.

PHOENIX-Holland Partners enters the market with the off-market purchase of Fairways at Cave Creek Apartments. The Washington buyer is looking for similar deals in the metro.

PHOENIX-As of August, there were five hotels in the US that had LEED certification, with another 60 in the pipeline.