PHOENIX-Forty-one acres of Arizona State Trust Land brings nearly 40% more than its appraised value from a Milwaukee-based developer with a plan to add 350 condos in the Desert Ridge master-planned community.

PHOENIX-In an off-market trade, Capital Commercial Investments spends $4.9 million for a 94,503-sf manufacturing facility leased to Honeywell Corp., at least for the next 18 months. The deal includes an extra 4.7 acres.

PHOENIX-Windrose Medical Properties is holding the deed to its largest asset in the specialty medical portfolio: 152,600 sf of class A space. Built six years ago, the 222 E. Highland Ave. property was 99.7% leased at sale time.

TEMPE, AZ-A medical billing software company, signing a two-year lease, expands by 7,691 sf into a second location to upgrade its image. The company, MediServe Information Systems, hopes to build its own facility in Chandler.

TEMPE, AZ-A medical billing software company, signing a two-year lease, expands by 7,691 sf into a second location to upgrade its image. The company, MediServe Information Systems, hopes to build its own facility in Chandler.

PHOENIX-Real Estate Partners picks up the 856-unit Terracina, a class A property with a strong repositioning opportunity. The financing provides enough capital for acquisition and extensive rehabilitation of the Terracina apartments along Bell Road.

PHOENIX-Panda Restaurant Group Inc. antes its total in the metro to 35 restaurants. The chain, which is fastest growing Chinese restaurant in the nation, hopes to open 10 units a year in the Valley.

TEMPE, AZ-The IT Workshop, a website development company, leases 2,254 sf in a move to expand and upgrade the firm's image. The three-year deal, with a $62,000 payout, helps boost occupancy to 75% for a two-building complex.