CHANDLER, AZ-Fairfield Residential's 392-unit Stonebridge Ranch passes to a San Diego limited partnership placing the highest offer out of 25 for the freeway-fronting asset. Nine months of marketing builds in time to lift occupancy to 90%.

CHANDLER, AZ-In a swift trade, Mark-Taylor and Ameriton Properties sell the 332-unit San Cierra to a first-time Arizona buyer with $100 million to spend by year's end for three multifamily properties in the metro. The nod goes to a bid preempting the offer deadline.

CHANDLER, AZ-Michael Pollack breaks ground on a 103,000-sf first phase as the leadoff play for the junction of Arizona Avenue and Elliott Road. Costs aren't firmed up, but build-out could bring up to 313,000 sf of office, industrial, showroom and retail.

PHOENIX-Marking its first spot in Arizona, a Southern California designer of light-weight, high-strength exhibit materials plunks down about $1.2 million for a 21,037-sf industrial building in the central airport submarket.

PHOENIX-Engineering firm, WLB Group, adds 1,454 sf to push the office to 7,760 sf at 333 E. Osborn Road, where Camelback Title Agency is waiting to fill a 2,762-sf office. The combined payout is $598,054 over the terms.

PHOENIX-The May Department Stores sells a five-year-old build-to-suit that once housed a credit center. Dark for a year, the single-story office building trades to a local investment group, which has jumpstarted a race to place tenant in six months.

TEMPE, AZ-The Reserve at Town Lake is picked up by a California couple, who get a promise for solid returns after general improvements for their first acquisition in the metro. Escrow on the property closed in less than 30 days.

GILBERT, AZ-Just SUVs unpacks in an industrial spot in the East Valley Commerce Center in a three-year pact signed as replacement space for a just-sold, larger location. A new focus on Internet sales offsets less elbow room.