CHANDLER, AZ-A single-tenant retail building has commanded $244 per sf in a $1.22-million sale between a California investment trust and developer. The 5,000-sf store at 1072 W. Chandler Blvd. is leased to 3 Day Blinds.

PHOENIX-Construction's up and overall vacancy is down. In all, it's looking like a good year for the Phoenix region's multifamily industry. North Scottsdale has the lowest vacancy around, 4.6% and down 2% from last year's first quarter accounting.

GILBERT, AZ-Locally based Payne Resources is bringing Gilbert's first business park in two decades on line. Infrastructure work is under way on the 51-acre Fiesta Ranch Commerce Center, which is being divided into 41 lots.

PHOENIX-The price of the 32 unit complex--$31,240 per unit--is below the local trend due in large part to the shift in lifestyles that makes Downtown assets more valuable.

PHOENIX-In a tight market with little room to build, local assets can rent for premium prices.

CHANDLER, AZ-Chicago Madison LP has put up $8.2 million for 30 acres that had been ticketed for expansion by SpeedFam-IPEC. High-tech woes erode the plan and now the site is being readied for retail, office and industrial development.

TOLLESON, AZ-Banker Insulation is planning ahead for a forced relocation due to a runway project at Sky Harbor Airport in Phoenix. The building materials supplier has just paid $420,000 for six acres to build a 30,000-sf to 40,000-sf warehouse in Tolleson.

TEMPE, AZ-Carol Warner is the new president and COO of Tempe-based Johnson Carlier. She is the current president of the Arizona Builders Alliance and one of the few of her gender to reach such professional heights in the contracting world.