PHOENIX-The firm's 55 Phoenix brokers align with BRE Commercial of San Diego to restructure the office into an affiliate. Grubb's intent is to exercise its option for a one-third share of the operation in a first-time move for the brokerage firm.

GLENDALE, AZ-Alliance Holdings wins the face-off for the premier property at 5205 W. Thunderbird Rd., which had hyped interest due to the debt-free status and 92% occupancy of Newport Landing.

JACKSONVILLE, FL-Madison Capital Group LLC has arranged land acquisition and pre-development financing for American Land Ventures LLC, developer of The Strand at St. Johns Center, set to comprise 100,000 sf of office and retail; 295 apartments; and 250 condominiums.

GRAND PRAIRIE, TX-Kamco Property Co. acquires a 124-unit, class C complex from a Waco seller who's on the road to retirement. The Dallas buyer takes a 100%-occupied asset before it comes to market after seeing the upside promise.