GILA BEND, AZ-The plan is to develop residential and commercial components on the acreage, once a well-known spot for stars such as John Wayne. The land, about an hour's ride from Phoenix, was bought by an Atlanta developer.

PHOENIX-The movement has been ongoing in most metros for some time, but now Phoenix too is seeing tenants step up in class as building owners slash rates for prime space to fill the floors.

PHOENIX-A nine-story office tower in the city's Art District is scooped up by an Arizona investment company just two months after hitting the market. Central-Roosevelt LLC grabs the 96,971 sq. ft. multi-tenant office building and adjacent parking garage at 1001 Central Ave.

PHOENIX-The movement has been ongoing in most metros for some time, but now Phoenix too is seeing tenants step up in class as building owners slash rates for prime space to fill the floors.

SCOTTSDALE, AZ-Construction is ramping up for the second phase to a retail and office complex. Frank Lloyd Wright designs that were never built--a 125-foot spire and 10,000-sf bank building--will rise as part of the project.

PHOENIX-Investors in search of higher returns are pressuring Phoenix's "for sale" list for long-term leased properties. If the leases fall short of the profile, the asset easily can linger on the market for six months or more.

PHOENIX-Investors in search of higher returns are pressuring Phoenix's "for sale" list for long-term leased properties. If the leases fall short of the profile, the asset easily can linger on the market for six months or more.

SURPRISE, AZ-The 14,000-sf center is being touted as the foundation for a cooperative effort between the City of Surprise and its school district. The project will be used year-round for a plethora of programs.