PHOENIX-Scottsdale Property Management and Greenwich, CT-based Starwood Capital Group have severed a partnership, putting an 87,900-sf uptown office building into its one-time leasing agent's hands. Scottsdale has paid $9.3 million for the holding.

MARYVALE, AZ-The final papers are signed, putting a new owner in charge of the 156-unit The Veranda in Maryvale. A Phoenix-based investor has paid $4.7 million to the seller, a Honolulu investor who also is hawking a Peoria complex.

SCOTTSDALE, AZ-Cavan Investment, developer of the Raintree Corporate Center, is gearing up to break ground this month on the project's retail component. Coming will be 47,000 sf of shop space and 20,000 sf of pad sites.

PHOENIX-Regency Centers, a shopping center REIT, is positioning itself for a major expanded presence in Arizona and Colorado. In Arizona, there are six grocery-anchored retail centers in the works and two more on the drawing boards.

PHOENIX-Insignia/ESG has named Michael White to the post of senior managing director of its office property group. White had been Insignia's top producer last year. New to the staff is Stephan Mariani, who will be a property services director.

PHOENIX-Insignia/ESG is launching a Hotel Partners division in Phoenix. Two California-based brokers have relocated to head up the new team in a bid to be ready for heightened investor interest in the Arizona market.

PHOENIX-The New York-based Malcolm Pirnie has signed the first lease for the under-construction 228,800-sf East Gateway Centre. The firm is taking 26,000 sf for its regional office in the McShane Corp. office project near the airport.

SCOTTSDALE, AZ-The Scottsdale, a 160-unit complex in the city's southern corridor, has been sold to a San Francisco investor for $9.17 million. The Sterling Financial Group of Scottsdale is the seller.