PHOENIX-The Minneapolis-based bank pencils in a new 4,800-sf branch with a 20-year lease for the hard corner of Tatum Boulevard and Loop 101 in the 40-acre Desert Ridge. US Bancorp plans to open in summer 2005.

PHOENIX-A local real estate firm pays about $1.3 million for the 8,664-sf Cielo Grande Plaza, a 30%-leased office building in the Camelback Corridor. With six deals on the table, the buyer gets aggressive over 3630 E. Campbell Rd. for an owner-user plan.

SCOTTSDALE, AZ-Piper Jaffray & Co. steps up for 15,022 sf in a 10.5-year lease for Portales Corporate Center in Scottsdale while Pinnacle One inks a six-year renewal for an 8,880-sf office in Tempe's Fountainhead Corporate Center.

PHOENIX-A plastic molds manufacturer is boxing for a move to 4636 N. 43rd Ave., taking over the entire class B industrial building with a seven-year lease and a $3-million payout. The building's been empty 1.5 years.

FLAGSTAFF, AZ-A Utah buyer purchases the Pineview Village Condominiums for $1.6 million, eyeing a long-term investment on a 20-year-old development. With only two units vacant at closing, the complex is poised to continue generating steady income.

PHOENIX-The Pepsi Bottling Group Inc. spends $4.1 million for the former headquarters of Sea Ray Boats Inc., ending nearly nine months of talks with a seller who's been waiting nearly two years for the right buyer to come along.

PHOENIX-High-Tech Institute of Phoenix crafts a 45-month lease, with an $825,000 price tag, for office/warehouse space right next door to its school. The school's staff will move in Aug. 1.

PHOENIX-A Chatsworth, CA buyer pays $1.8 million, assuming a $1.3-million conduit loan to beat 11 others for the Carlton Court apartments at 5024 E. Thomas Rd. The complex, with six vacancies, has been on and off the market for years.