PHOENIX-A Canadian pension fund adviser makes a slam dunk with a February acquisition of a 14-building McDowell West Business Park. To date, eight have been sold to separate buyers and three are in escrow. $3.7 million

PHOENIX-The Glenwood Terrace trades for slightly more than $1.3 million, going to a Santa Ana, CA buyer with 1031 Exchange funds to spend. The investor beats 14 others by placing an offer $20,000 more than the ask.

SCOTTSDALE, AZ-GDA Real Estate Services, armed with 1031 Exchange funds to spend, zooms in on Scottsdale and walks away with the 94,719-sf Northsight Village. The 97%-occupied asset, built three years ago, has no lease rolls until 2007.

PHOENIX-Low interest rates and equity ownership prove convince a cabinet and fixtures manufacturer to lay out $2.2 million for a 38,116-sf warehouse near Sky Harbor. The buyer saves about $2,000 per month versus its cost to lease.

CHANDLER, AZ-Banner Health Systems lines up a distribution center near the intersection of Interstate 10 and Loop 202. The industrial space goes for about 60 cents per sf. Move-in will wrap up in a week.

PHOENIX-The Southern Sun's developer passes the deed to a two-year-old development to RK Multifamily Income Fund XV of Long Beach. The West Bell Road location and project size draw high interest from midsize investors.

TOLLESON, AZ-Mission Foods, Edson Electric Supply and Century Die Co. take a combined 18,000 sf of the 222,288-sf development as it nears the construction completion. The talks end with one seven-year lease and two five-year pacts.

PHOENIX-After two years at the helm, Tom Higgins will exit by Aug. 13, setting off a nationwide search to get a replacement ASAP. Higgins counts the ongoing installation of high-speed Internet access and a lucrative Nascar sponsorship among his successes.