PHOENIX-A Phoenix-area couple has spent $1.8 million for the 36-unit Parkway Apartments, located at 5407 W. Glenrosa Ave. in the city's western corridor. Ragland Revocable Trust is the seller in the Grubb & Ellis-structured transaction.

PHOENIX-The City of Phoenix unanimously votes to sue the Tourism and Sports Authority over its choice of Tempe for the $375-million Arizona Cardinals stadium. The city wants work delayed until the FAA rules on the impact to airport landing lines.

PHOENIX-Tucson is the lone wolf of the Arizona cities, which have posted declines in hotel demand. Tucson's up 2.2% in occupancy while the statewide average has dipped to 67.8%, a drop of 0.4% below midyear 2000's rate. Room rates, though, are up statewide.

PHOENIX-A private investor from Phoenix has paid $440,000 for the Halstead Lumber Yard, consisting of a 5,525-sf vacant building situated on nearly 4.4 acres. The game plan is to raze and rebuild with a 66,000-sf multi-tenant industrial project.

GOODYEAR, AZ-Dallas' Columbia Regency Retail Partners is the new owner of SunCor Development's Palm Valley Marketplace. The 107,600-sf, 96%-occupied center brought $13.2 million in the CB Richard Ellis-brokered sale.

TEMPE, AZ-Wendy's has bought a vacant building along Southern Avenue in Tempe, paying $408,000 to Southern Retail of Phoenix. Crews immediately will start renovations on the structure as the fast-food chain gears up for an opening in a few months.

MESA, AZ-Stricter development codes started out targeting big box retailers and now has transcended to impact all types of commercial development. Mesa officials are weighing changes that already have developers poised to protest.

PHOENIX-A foam padding manufacturer has the keys to a 19,400-sf office-warehouse in west central Phoenix. Western Bonded Products of Phoenix has paid $435,000 to White Brothers Investments for the holding.