PHOENIX-Deer Valley Builders, armed with a 15-year government tenant, has snared $3.2 million in the sale of an office building along N. Seventh Ave. in Phoenix. The Colorado developer transfers the holding to a Phoenix real estate investor.

PHOENIX-The Papago Medical Center on Phoenix's Good Samaritan campus has brought in $6.6 million for seller Denali National Trust of Scottsdale. Ensemble Investments' acquisition totals nearly 80,000 sf and is nearly filled to the brim.

TUCSON-Graystone Group Ltd. of Toronto has secured a $6-million loan in a refinancing of the 117,300-sf Manzanita Plaza in Tucson. The 10-year loan carries a 7.46% interest rate. The fully leased retail property was built in 1982.

SCOTTSDALE, AZ-Opus West has just broken ground on a 150,000-sf headquarters for Discount Tire in the master-planned community of Grayhawk. The first phase will deliver by October 2000. But Discount Tire also has taken title to an extra 10 acres.

PHOENIX-Global Crossing Telecommunications, headquartered in Rochester, NY, will move into a 65,000-sf industrial spot in September. The location will serve as a regional hub. The five-year pact is valued at $4.2 million.

PHOENIX-The Frankel Family Trust of Anaheim, CA has copped a record-setting, year-to-date price for its Meridian on the Biltmore in the Camelback Corridor. Scottsdale's Starpoint Properties' $30.5-million buy is undergoing a conversion into for-sale units.

SCOTTSDALE, AZ-Cutler Commercial is holding the title to three industrial properties in north Scottsdale, putting up $4.3 million. The holdings are situated in the Scottsdale Airpark and are 85% and 100% leased.

FLAGSTAFF, AZ-A Salt Lake City investor has paid $8.9 million for the 132-unit Forest Meadows Apartments in the growing community of Flagstaff. Seller Judy Bassham, a private investor from San Diego, had owned the property for nine years.