TEMPE, AZ-USA Broadway, a RREEF entity, has transferred ownership of a 25,000-sf warehouse in Tempe to On-Time Logistics, a local freight shipper. The building carried a selling price of $52 per sf or $1.3 million.

MESA, AZ-The one million-sf Fiesta Mall is up for sale by an institutional owner looking to diversify into other industries, says a mall rep. Market averages could bring $120 million for the 95% occupied center.

PHOENIX-The Phoenix senior managing director for Cushman & Wakefield of Arizona Inc. will be overseeing the 164th office in the corporate network. The brokerage firm has just opened a Las Vegas office and put a 19-year CB Richard Ellis veteran in charge.

TEMPE, AZ-Sen. John McCain's brainstorm for a confab of opponents and proponents to Tempe's $335-million stadium plan might be working. At least all emerged from the meeting in a positive mood that a resolution with Phoenix and the FAA could result.

PHOENIX-The Mack Co. has secured another 18 acres to develop a West Valley industrial park, boasting up to 600,000 sf, that will be similar to its Mack Enterprise Center in the same submarket. In all, there are 36 acres now available for the new project.

SCOTTSDALE, AZ-A 28,355-sf suburban office building brings $3.3 million, or more than $116 per sf, for seller McCormick Ranch Office Investors. International Capital Partners is the new titleholder.

PHOENIX-The slowing economy has finally hit the retail market, where vacancy is up a full percentage point from last year at this time. The 6.1% rate comes with negative absorption in four of nine submarkets, according to Grubb & Ellis' latest Arizona report.

MESA, AZ-The 25-unit 64th Place Apartments has reaped about $1.1 million for its Salt Lake City seller, Titan Properties Ltd. Taking title to the Mesa complex is a California-based investment group.