Phoenix

MESA, AZ-The Irving, TX company, paying $14.75 million for the dirt, will break ground in early 2008 on its first micro-mill in the US. Completion is set for mid- to late 2009.

TEMPE, AZ-Trillium Residential severs Rio Salado from a 2,434-unit portfolio of unfinished projects that had been on the market and pulled. JPMorgan Chase is the new owner.

SCOTTSDALE, AZ-Miller Global sells the fully leased North Scottsdale Corporate Center after two years to AEW Capital for a pension-fund client.

PEORIA, AZ-A quick lease-up made for an easy acquisition for a Phoenix investment

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

Twelve investors brought bids to the table, but a Chicago investment firm's ability to close the deal wins it title to the Alexan at Frank Lloyd Wright. The 200-unit townhouse property sells for $23 million in cash.

PHOENIX-A California dialysis products supplier spends $2.4 million for a two-building, 107,000-sf office/warehouse complex in the southwest submarket to set up a regional headquarters and production facility in a rail-served building.

PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.