MESA, AZ-California investors close on the $720,000 trade of the Hampton court complex in a "straight-forward deal" of a property with just two empty units. Buyer and seller are plying exchanges with the transaction.

PHOENIX-Anchor Centre lease solidifies expansion efforts for financial planner L. Roy Papp & Associates, which crafts an 11,098 sf, six-year lease with a full-term payout of nearly $1.6 million. The firm gets its keys in April.

PHOENIX-An exchange buyer from San Pedro, CA puts up $7.5 million for a fully leased, 76,326-sf Park Lee Center. The infill location and very close proximity to future light rail are added bonuses.

GLENDALE, AZ-A Tucson buyer decides to expand its operating area with the $6.7-million purchase of the Bethany Park Apartments at 5830 N. 67th Ave., just two miles from the new stadiums.

YUMA, AZ-Outstanding cap rate, low gross-rent multiplier and dynamic community combine forces to a local investment swap of the 48-unit Las Flores Apartments. The new owner gets an asset with two vacancies and the seller gets nearly $1.3 million.

PHOENIX-Local tenants and low operating expenses prove valuable selling points in the recent purchase of the 21,595-sf Cave Creek Plaza, a 96%-leased retail property in North Phoenix. The deal breaks down to $150 per sf, a relatively low price, the broker says.

PHOENIX-In expansion move, picture-frame maker North American Enclosures signs a five-year lease worth $2.5 million for spec-building space in the Southwest Valley submarket.

PHOENIX-Tenant-improvement contractor Gaston