PHOENIX—Clear Sky Capital Heritage Square L.P. sold Heritage Square Apartment Homes located at 65 E. Olive Ave. for approximately $12 million ($100,000 per unit). The buyer was Bellevue, WA-based Heritage Square - Phoenix, LLC.

SALT LAKE, UT—Charles Allen will step down from one role, Joseph Margolis will join the company as CIO, and a new board member has been appointed.

DENVER—The firm worked with M&T Realty Capital on separate transactions for total secured financing of $77.5 million.

SAN DIEGO—The mood at PCBC was decidedly more upbeat than at January's NAHB show, and it has a lot to do with Millennials, Associated Bank's Jim Pape tells GlobeSt.com <b>EXCLUSIVELY</b>.