SCOTTSDALE, AZ-The Pederson Group outbids its peers at a state auction for a 22-acre tract in North Scottsdale. The deal sets in motion a $15-million plan for a neighborhood shopping center with a late 2005 delivery date.

PHOENIX-Ground breaks tomorrow on $8 million to $10 million of infrastructure work for the estimated $75-million first phase, a mix of 250,000 sf of office space and 350,000 sf of industrial product on land leased for 65 years from the Pima Tribe.

CHANDLER, AZ-Ending an eight-year hold, Sun Life Financial Inc. hands over the title to the 159,079-sf Sun Village Fair along North Alma Road to PDG America, a Phoenix-based investment group on a retail shopping spree in the metro.

PHOENIX-In an off-market deal, the State Bar of Arizona lands a 68,710-sf office building in the Camelback corridor for $8.4 million. The multi-tenant building's occupancy peaks to nearly full when the association makes its November move.

TEMPE, AZ-A computer parts distributor starts planning the customizing of a 26,492-sf industrial shell in the Tempe Business Center. Express Technology Inc.'s new location makes it a neighbor to FedEx.

PHOENIX-A California investor uses 1031 Exchange capital to pick up a two-building asset with full occupancy in the central corridor. The deal is ripe for minimum $50 rent hikes in the near future, says one of brokers.

PHOENIX-In a first-time teaming, Crown West Realty and St. Paul Properties pick up an 11-building portfolio, with all 440,000 sf fully leased, in the North Black Canyon corridor. The duo bests four others on the short list for the opportunistic play.

MESA, AZ-A California investor puts up $2.2 million for the 44-unit Mesa Mountainview complex, an 18-year-old, fully leased asset attracting multiple offers during the 45-day marketing period.