SCOTTSDALE, AZ-Armed with 1031 Exchange money, an investment company from Danville, CA, buys the 74,947-sf McCormick Corporate Center, a three-story building that's fully leased to Medicis Pharmaceutical Corp. until 2011.

PHOENIX-City Hall Realty of San Clemente, CA buys an 87%-leased, class C package with two properties in Phoenix and one in Tucson from EJM Development. One deal closes with an assumable loan and the others are inked with new financing.

HOUSTON-The Phoenix-based Swift Transportation company spends about $1.6 million for 22.6 acres to set up a new operation near the Houston Ship Channel. The asset, sold by the Hueske Family Trust, includes a 15,000-sf maintenance building.

FORT WORTH, TX-The technology and electronics retailer taps COO David Edmondson to lead the company.

PHOENIX-Sources believe the 1.4-million-sf Metrocenter could have brought as much as $150 million although the JV buyer nor seller, Simon Property Group, will discuss the price. The new owners will put $20 million into rehabbing the 32-year-old mall.

PHOENIX-Sources believe the 1.4-million-sf Metrocenter could have brought as much as $150 million although the JV buyer nor seller, Simon Property Group, will discuss the price. The new owners will put $20 million into rehabbing the 32-year-old mall.

HOUSTON-The Simpkins Group kicks off construction after securing $10.5 million in construction and permanent financing for Invensys Systems Inc.'s regional headquarters. The 90,000-sf office building will be completed in the third quarter.

HOUSTON-The Simpkins Group kicks off construction after securing $10.5 million in construction and permanent financing for Invensys Systems Inc.'s regional headquarters. The 90,000-sf office building will be completed in the third quarter.