MESA, AZ-The Portland, OR investor sells in his hometown, buys in Mesa and plans a relocation so he can manage the property, the Penny Lane Apartments at 544 E. Southern Ave. The cash on hand delivers a closing in 45 days for the California seller.
TEMPE, AZ-The Southwest Corporate Center's location, fully leased status and assumable financing package make for a relatively quick sale. The 73,374-sf building sits on 3.6 acres near Interstate 10 and Sky Harbor International Airport.
SCOTTSDALE, AZ-Dale Phillips gets the top job at Mark-Taylor Residential, one of the state's largest luxury multifamily developers. Phillips, who joined the firm in 1985, most recently was senior asset manager.
PHOENIX-Netpro Computing, a software company, moves in May 1 to 12,303 sf on the top floor of the former regional headquarters of Microtest. The inbound tenant gets a full floor of furnished office space and rooms with a view of Camelback Mountain.
PHOENIX-Walden Special Partners of Addison, TX parts with the 90%-leased Casa Verde apartments along Indian School Road to reduce its Phoenix multifamily holdings to one. Three buyers were jockeying for the central city deed.
PHOENIX-The former Hendricks & Partners broker, Patrick Slavin, has filed a lawsuit in Maricopa County Superior Court against the firm. He is seeking $300,000 in damages, software program royalties and the firm's dissolution or restructuring.
SCOTTSDALE, AZ-The Indiana-based lender clears a 6 1/2-year lease, valued at more than $1.3 million, for the award-winning Galleria Corporate Centre at 4343 N. Scottsdale Rd. in a CBRE-packaged deal.
SCOTTSDALE, AZ-Sonoran Integrations, a telecommunications firm, takes 2,337 sf at Raintree Plaza in the Scottsdale Airpark. The lease, with a $93,670 triple net value, takes the four-building development to 94% occupied.
PHOENIX-For the second time in less than a year, Parkway Properties sells the majority interest in a high-profile office building to Investcorp. The shared deed comes 10 months after Parkway pays $58 million for the downtown Phoenix landmark.
MESA, AZ-The 18-location clinic has taken 17,760-sf at 2610 E. University Ave. in a lease agreement with an option to buy the building, owned by a Florida-based company. Occupancy is set for June 1.