MESA, AZ-Arden Square, a 27,564-sf shopping center, garners more than 10 offers before trading to a private investor for $3.8 million. The new owner The deal also includes a dark restaurant building and a pad site that could hold an 11,000-sf building.

MESA, AZ-Arden Square, a 27,564-sf shopping center, garners more than 10 offers before trading to a private investor for $3.8 million. The new owner The deal also includes a dark restaurant building and a pad site that could hold an 11,000-sf building.

PHOENIX-S-J Management LLC is persuaded to part with the 258-unit Monterra Apartments by a local company holding an off-market offer of $23.9 million or $5.7 million more than it paid. The sale is expected to close in November.

PHOENIX-S-J Management LLC is persuaded to part with the 258-unit Monterra Apartments by a local company holding an off-market offer of $23.9 million or $5.7 million more than it paid. The sale is expected to close in November.

HOUSTON-Encysive Pharmaceuticals' 36-month lease has barely kicked in and it's already thinking about taking more class B office space for its headquarters team. Loop Central Two's second-largest tenant occupies two full floors.

HOUSTON-Encysive Pharmaceuticals' 36-month lease has barely kicked in and it's already thinking about taking more class B office space for its headquarters team. Loop Central Two's second-largest tenant occupies two full floors.

WEBSTER, TX-Spacehab Inc. makes a tidy profit of more than $1 million after paying $2 million to acquire a 90,987-sf industrial facility and selling it hours later to a Los Angeles investment group for $3.3 million. The deal is sealed with a 10-year lease.

PHOENIX-Villagio Tile & Stone takes a five-year lease with a $1-million payout for a third Valley location, picking MainSpring Cotton Center for a centralized distribution location and new construction. Move-in is planned for this month.