PHOENIX-California investor Joel McCloud has acquired the 58-unit Holridge apartments in the city's northern tier. He has paid $2.4 million or about $41,400 per unit to the Roseman Family Trust of Ambler, PA.

FLAGSTAFF, AZ-Flagstaff Medical Center has added another phase to its ongoing campus expansion and renovation. The latest project to break ground is an $18-million Women and Infants Center and four-story, 400-vehicle parking garage.

PHOENIX-The Foltz Family Trust of Avondale has sold its Bethany Village Shops, reaping $1.2 million for the 47-year-old holding. The 14,700-sf center is located along N. Seventh Street. Scottsdale-based 2501 Hayden LLC is the new owner.

FLORENCE, AZ-Atlanta-based Vanguard Properties has closed on a 5,550-acre deal and is in escrow on another 3,200. The entire portfolio of BHP Copper is now being eyed for a master-planned community. Vanguard has spent $14 million to date.

SUN CITY, AZ-G&D Investments of Kent, WA has paid $6.2 million for the 107,750-sf La Ronde Center along N. Del Webb Boulevard. The New York City-based seller has sold the Sun City property after owning it for four years.

PHOENIX-Jose Vilanueva, a Phoenix real estate investor, has acquired the 22-unit Kingsley Apartments near the city's uptown section. Vilanueva has paid $770,000 or $35,000 per unit for the property.

PHOENIX-Hewson Development Corp. is ready to close on 4.2 acres near Sky Harbor Airport. The 70,000-sf industrial project had been stalled until affordable clean ground could be located. At $4 per cubic yard, it's time to close the land sale.

SCOTTSDALE-The 140,000-sf Gainey Center II is 70% filled, signing four new tenants to the Westcor project. The largest space taker is eFunds Corp., which is taking 47,000 sf for its corporate headquarters.