Phoenix

Jon P. Christine will be responsible for development of affordable and market-rate housing communities and will be based in Phoenix.

Next Wave Investors buys 380 value-add apartment units in Phoenix, Salt Lake City and Las Vegas.

Boomerang Capital Partners buys the Northwest Valley's only off-campus ambulatory surgery center in Phoenix.

Lincoln Property Co. and Harvard Investments partner to build Union, a 1.35 million-square-foot office building at the intersection of Mesa, Tempe and Scottsdale.

Retail vacancy has fallen below 10%, and rental rates in the top submarkets are up 12%.

Geringer Capital purchased the 266-unit multifamily property from Thayer Manca Residential.

The has acquired a two-building office property with plans to redevelop it into creative office space with a total investment cost of $53 million.

The 202-unit Phoenix apartment building traded hands for $36.3 million to Tanbic Edgehill Centerra Apartments.