PHOENIX-A California couple bids adios to the metro with the sale of Pinchot Arms, a class C complex built in 1958. The sellers hand off the deed to hands-on owners planning to make $25,000 in repairs and manage the 75%-leased asset themselves.

HOUSTON-Crow Holdings, ending a two-year hold, sells the 15-acre asset to Cobalt Industrial REIT, one of 10 bidders for a fully leased quartet of office/warehouse buildings that comes to market as part of a fund close-out.

MISSOURI CITY, TX-Just as the developer is chasing permanent financing for the one-year-old, fully leased, 8,625-sf center, a 1031 exchange investor from New York puts in an offer to buy it.

MISSOURI CITY, TX-Just as the developer is chasing permanent financing for the one-year-old, fully leased, 8,625-sf center, a 1031 exchange investor from New York puts in an offer to buy it.

PHOENIX-The Utah State Retirement Investment Fund collects $21.47 million from a limited liability company for the 95%-leased Renaissance, a class B complex near Arizona State University West.

GLENDALE, AZ-The Arizona Department of Economic Security takes down office space, once used as a retail thrift shop, in Brookwood Commerce Center. The inbound tenant signs a five-year lease for the new location.

GILBERT, AZ-Brothers Properties of Tulure, CA, armed with 1031 exchange proceeds, scores the win by offering 80% down and coming within $150,000 of the ask for the Oasis at the Islands. The seller plans to reinvest his gain closer to home.

GILBERT, AZ-Brothers Properties of Tulure, CA, armed with 1031 exchange proceeds, scores the win by offering 80% down and coming within $150,000 of the ask for the Oasis at the Islands. The seller plans to reinvest his gain closer to home.