GLENDALE, AZ-A California buyer picks up the 160-unit Walnut Grove Apartments in an all-cash deal. Quick turnaround is planned as the new owners tackle issues of vandalism, deferred maintenance and a 40% occupancy.

MESA, AZ-Irmas Fitness LLC buys the Greenfield Business Center II for about $4.1 million, looking beyond its 70% occupancy toward greener pastures. The California investor is confident that the two-year-old building can be turned around.

PHOENIX-A Phoenix private investor has purchased a brand-new speculative industrial building for $1.7 million, citing amenities like power, fenced and paved yard and central location as the deal maker. The 24,892-sf building includes 2,200 sf of office space.

PHOENIX-A Los Angeles property group has purchased the Hazeltree Apartments for $7 million and will put another $1 million into a renovation. A year ago, one of 28 buildings was leveled in a gas line explosion.

GLENDALE, AZ-The city's reputation as a destination for Arizona's top stadium sporting events is helping boost office growth. California Casualty signs a 10-year lease worth $5.5 million for Talavi Corporate Center.

MESA, AZ-A vacant shadow anchor does not keep the 95%-leased, 39,623-sf Greenfield Plaza retail center from selling for $3.2 million to a Scottsdale retail investor. The vacant Fry's isn't part of the deal, but is held accountable for lower rents than usual.

PHOENIX-Younan Properties acquires the 400,000-sf Central Plaza from MetLife. First on the agenda is a $5-million renovation for 4041 N. Central St., a 20-story office building with a 60% occupancy.

SUN CITY WEST, AZ-SMI Healthscan signs a 10-year lease worth $1.2 million for 5,000 sf of office space in the Village Medical Center. Building owner concessions, including a $60 per sf tenant improvement allowance, help seal the deal.