PHOENIX—7th Gate Center, a 43,426 square foot mixed-use project located at 1601 N. 7th Street in Phoenix, closed for $5 million. The project is the second Phoenix area purchase for Cole Valley Partners. This also marks the second transaction closed through a Cole Valley/RealtyShares collaboration, as well as the largest crowdfunded commercial real estate transaction to date in metropolitan Phoenix.

CONSHOCKEN, PA–Work has begun on redevelopment of the vacant Verizon building here, which Keystone Property Group will transform into offices and retail shops, plus a new Borough Hall and police headquarters.

Put on your seat belts, CFOs, and up the ante on your compensation forecasts.

FEASTERVILLE, PA–Charged with Fair Housing violations, Brotman Enterprise real estate reached a conciliation agreement with the HUD to pay a fine and get training for its employees..

Join the industry's top executives in Los Angeles when they cover today's market and highlight what opportunities are on the rise. Hear from the leading national REITs, banks, private equity and asset management firms and other institutions as they explore the market conditions behind the trends and how deals are getting done.

AUSTIN–This will be the company's first Southwest and Texas location.

PHOENIX—HBI International, dba BBK Tobacco & Foods LLP, a wholesale distributor since 1996, is consolidating its two Phoenix locations and expanding to a building owned by Cabot Properties, Inc. The 88,488-square-foot building at 3401 W. Papago St. will serve as the tenant's world headquarters.

NORTH PLAINFIELD, NJ–This year's annual survey of retailers by Levin Management displays attitude adjustment in process: Respondents say business was lackluster until a strong Memorial Day weekend, leading a majority to be optimistic about the rest of 2014. GlobeSt.com got an early peek at survey results.