NOVATO, CA-Pru Real Estate Investors will now hold a majority share of the $100-million, 500,000-sf project started by Barker Pacific Group, now the minority partner. The first hanger completed is leasing up at $34 per sf.

CHICAGO-The strength of West Loop market is evident in the sale, which was closed less than 48 hours after the property was put on the market.

PHOENIX-The most visible building in the East Valley, a 16-story, blue-neon-lit office tower, has been purchased by a local group for $33 million.

PHOENIX-The industrial market remains as robust as ever, with net absorption on track to total as much as 11 million sf and the vacancy rate expected to remain steady through the rest of the year.