SCOTTSDALE, AZ-The 28,548-sf Citadel, situated at one of the city's most desirable intersections, sells for about $5.5 million to a Phoenix investor, one of five chasing the deal for the class A, retail-and-office asset.

TUCSON-In the coming weeks, Opus West will break ground on an 80,000-sf office/warehouse project for the Department of Veterans Affairs, which signed a 15-year lease as a replacement for an L.A. pharmaceutical processing facility.

GILBERT, AZ-A San Jose, CA investor brings his money east to buy the 25,500-sf Mountainside Fitness Center at 725 W. Warner Rd. The deal closes with an 8.8% cap rate to a first-time metro buyer.

TEMPE, AZ-AIM Leasing Co. of Girard, OH, negotiates a seven-year lease for its second location in the metro. Although build-to-suit lease deals typically cost more, the tenant is able to negotiate more specific user requirements in the transaction.

PHOENIX-Crown Pacific and AEW Partners cross the finish line ahead of nine others vying for the class A Portofino Apartments. The JV spends close to $33.5 million, just a bit shy of the ask, to win its third multifamily deed this year in the metro.

PHOENIX-Premier Waste Services antes up $4.1 million for a 135,00-sf building with five 20-ton cranes and 60-foot clear heights. Key to the deal to buy is an 8.5-acre tract with four acres open for future expansion.

SCOTTSDALE, AZ-Location is the name of the game for office users seeking upscale space in an always popular submarket. Two national-credit tenants take a combined 16,108 sf with leases valued at more than $1.2 million.

CHANDLER, AZ-A California private equity firm outbids five other investors eyeing the 234-unit Stonegate Village Apartments. Closing at a 6.73% cap rate, the return will come when steep concessions burn off for the 92%-occupied, class A development.