TEMPE, AZ-Pulte Homes caps a yearlong site search, inking a 10-year lease for 40,000 sf of class A office space in the Tosco-owned corporate center. The homebuilder is making plans for a June 2003 occupancy.

PHOENIX-A California couple, satisfying a 1031 Exchange, pays the full asking price for the Maryland East complex in Phoenix's north central submarket. The holding's quick sale was tied to a per unit price of $7,000 less than the going rate in the neighborhood.

TEMPE, AZ-Pulte Homes caps a yearlong site search, inking a 10-year lease for 40,000 sf of class A office space in the Tosco-owned corporate center. The homebuilder is making plans for a June 2003 occupancy.

MESA, AZ-Lakeview at Superstition Springs is destined to be the crown jewel for Nearon Enterprises of Danville, CA, a return buyer to the Arizona market after a five-year hiatus. The 40-acre gated community is 94% leased.

CHANDLER, AZ-The store at the corner of Riggs and McQueen roads will be about 34,000 sf larger than the standard 63,000-sf Fry's Marketplace. The new game plan is to add general merchandise, including a 10,000-sf garden center.

PHOENIX-A Milpitas couple wins the bid for a 61,692-sf general industrial building, home to Auto Safety House. The deal comes with a lease that's good through 2009. The holding was on the market two months before going under contract.

PHOENIX-The buyers are scooping up tracts as far out as 60 miles in the Sonoran Desert. In most cases, they are betting the planned highways will bring prosperity in five to 10 years. The 4,000 per month population increase is driving the speculation.

TEMPE, AZ-Tandy Leather Co. buys Copper Saguaro Leather to mark its first Arizona location. The 2,000-sf leather craft store's location at 1126 N. Scottsdale Rd. was bought for $30,000, says the CFO for Tandy's parent firm.