PHOENIX-A Chicago-based investor, attracted to the local multifamily market, has purchased his first property in the metro by meeting the full $5.25-million ask. Hoping to sell out in two years, the buyer will put $15,000 to $25,000 per unit into the conversion.

PHOENIX-A Chicago-based investor, attracted to the local multifamily market, has purchased his first property in the metro by meeting the full $5.25-million ask. Hoping to sell out in two years, the buyer will put $15,000 to $25,000 per unit into the conversion.

CHANDLER, AZ-A San Diego-based development company will start work within 30 days on the 189,200-sf Chandler Office Park. The project entails seven condo buildings and a pair of 56,000-sf, class A office structures.

HOUSTON-Somera Capital and CoastWood Capital cash in on a $10-million renovation and repositioning of the 33-acre regional mall. The sellers turn over the deed to a 90%-leased holding, assessed at $46.03 million, to Investment Properties of America.

HOUSTON-Somera Capital and CoastWood Capital cash in on a $10-million renovation and repositioning of the 33-acre regional mall. The sellers turn over the deed to a 90%-leased holding, assessed at $46.03 million, to Investment Properties of America.

HOUSTON-Somera Capital and CoastWood Capital cash in on a $10-million renovation and repositioning of the 33-acre regional mall. The sellers turn over the deed to a 90%-leased holding, assessed at $46.03 million, to Investment Properties of America.

FARMINGTON HILLS, MI-The independently owned chain of cellular phones, accessories and services plans has opened its 100th store in Anaheim, CA plans growth to 250 retail outlets by late 2006.

FARMINGTON HILLS, MI-The independently owned chain of cellular phones, accessories and services plans has opened its 100th store in Anaheim, CA plans growth to 250 retail outlets by late 2006.