PHOENIX-A premier neighborhood and an undervalued office complex were the right combination for the buyer of a four-building office complex at 1121 E. Missouri Ave., which sells for about $80 per sf.

SCOTTSDALE, AZ-An $11.1 million financing package gives International Capital Partners 1100 LLC a prime, three-building property at Scottsdale's Air Park, for slightly more than $100 per sf.

TEMPE, AZ-A major mail order prescription provider has moved into its third location in this Phoenix suburb with a 10-year, $10-million lease that will mean a major expansion for the firm.

AUSTIN-San Antonio city council may decide next week on how to fund the planned project that could make this city a major player on the convention circuit.

MESA, AZ-The 6,000-sf building for Motorola Employees Credit Union cost almost $2 million to build in the Superstition Springs Business and Office Park. The developer fast-tracked the project with city help.

PHOENIX-The Q3 promise from a near 225,000-sf net absorption is short-lived amid a prediction of a slight downturn in the fourth quarter. The positive showing, though, was the first good sign in 16 months.

TUCSON-DESCO Southwest cracks the Arizona market by buying the land and the development plan. DESCO pays $4.3 million in cash as it makes plans to start on the 75,000-sf, class A Skyline Esplanade.

PHOENIX-In November, Sun State Builders kicks off work on the 90,000-sf project in the Rio Salado River Park development. The tenant, signing a seven-year lease, is planning to occupy the distribution site in May 2003.