PHOENIX-Three tenants ink 12,280 sf in pacts for industrial sites in Phoenix, Mesa and Tempe. The largest space taker is Dynamex, which is relocating from within Phoenix to South Mountain Business Park.

PHOENIX-The latest Cushman & Wakefield of Arizona report pegs office vacancy at 17.6%, up 4.5% from six months ago. By the fourth quarter close, most of the space will be absorbed, predict the experts in the region.

GLENDALE, AZ-A $14-million, 200,000-sf headquarters and manufacturing project is under way for Groen Brothers Aviation, now based in Salt Lake City. Minneapolis-based Ryan Cos. will own the facility, which will be producing up to four gyroplanes a day.

PHOENIX-The California-based Harold Edelstein Living Trust relinquishes a holding in Phoenix's tightest submarket for industrial space. Scottsdale-based Twelfth Street LLC has shelled out $550,000 for the 32,000-sf warehouse at 1102 N. 21st Ave.

PHOENIX-Transwestern Koll Airpark has hawked its 90,000-sf Airpark Business Center to a Portland-based investment group. The $4.2-million sale equates to nearly $47 per sf for the seller. The industrial holding is situated about a mile from Sky Harbor Airport.

PHOENIX-Fairmount Real Estate Investments believes there's a market in downtown Phoenix for for-sale residential units. Dirt's flying on the 31-unit Downtown Phoenix Lofts, which is the first play for that market in the CBD.

PHOENIX-ILX Resorts has named a Marriott Hotels' executive to vice chairman of its board of directors. James Ball will oversee development in Mexico and Kaleidoscope at McCarran, a 44-acre project being built in Las Vegas.

PHOENIX-Texas Roadhouse Holdings has lined up its third Valley location, selecting the Desert Sky Esplanade power center. The restaurateur has paid $580,000 for a 70,361-sf pad site to developer John F. Long Properties of Phoenix.