PHOENIX-SunState Builders pays about $3.2 million for 10 acres, getting a building site for a franchisee's distribution center and an option on another four acres for another build-to-suit or speculative project.

PHOENIX-The two leases, filling a combined 2,272 sf, go to a software programmer and residential builder. The largest space taker gets a spot in Shea Corporate & Medical Center in deal-making delivering one month free rent and $1 per sf bumps per year.

PHOENIX-A Scottsdale investment group lays down $8.3 million for a 47,286-sf medical office building in a sale/leaseback deal to the Arizona Heart Institute. The institute in turn will funnel income from the sale toward construction of two new hospitals in China.

PHOENIX-Starwood Hotels & Resorts grabs the gold with the management pact for a yet-to-be-built Sheraton Phoenix, set to rise beside the city's expanded Civic Plaza Convention Center in Copper Square. The 1,000-room hotel will open in 2008.

PHOENIX-A quick due-diligence program boosts a Colorado couple to the top of the heap for the 26-unit Encanto Suites, bought 2.5 years ago as a turnaround play. The seller's $200,000 renovation tab is rewarded with several full price offers.

MESA, AZ-A Mesa couple buys a 77%-leased block of inline space at the three-year-old Stonebridge Center for $50,000 more than the asking price. The trade did not include the Safeway grocery and two restaurant pad sites.

PHOENIX-Foxworth-Galbraith Lumber Co. expects to move in Aug. 1 to 4048 E. Superior Ave., leased for five years for $690,000 over the term. The building owner, using the asset for a snack distribution business, will vacate in the coming weeks.

GLENDALE, AZ-A savings and loan subsidiary purchases 7.6 acres in the Talavi Business Park for $1.8 million for development sites for build-to-suit and speculative flex office/industrial projects. The deal marks the buyer's entrance into the Phoenix market.