PHOENIX—LGE Design Build has completed construction on a 47,863-square-foot, two-story $9.5 million building for the Southwest College of Naturopathic Medicine in Tempe.

PHOENIX—Colliers International in Greater Phoenix recently completed the sale of 21.2 acres of land in Tolleson, where a 386,100-square foot cross dock distribution building is to be completed by December of this year.

PHOENIX—Large office tenants seeking space in Metro Phoenix are feeling the squeeze as the market tightens and big blocks of space are a scarce commodity, according to a report released today by Cushman & Wakefield of Arizona, Inc.

PHOENIX—Wetta Ventures is redeveloping a prime piece of Camelback Corridor commercial space on the northwest corner of Camelback Road and 20th Street in Phoenix across from The Shops at Town & Country and Camelback Colonnade.

PHOENIX—Clear Sky Vintage, LP purchased The Vintage, a 106-unit apartment community at 1303 West Juniper Avenue in Gilbert, for $14.25 million. The seller was Vintage Gilbert, LLC..

PHOENIX—Lincoln Property Company and funds managed by Oaktree Capital Management, L.P. have completed the $58 million purchase of Biltmore Commerce Center, a class A, institutional-quality office building located in the heart of Phoenix's coveted Camelback Corridor.

PHOENIX—CBRE has completed the sale of Gateway Four, a 137,069-square-foot, single-tenant office building, located at 444 N. 44th St. in Phoenix.

PHOENIX—A bill supported by NAIOP Arizona prohibiting a municipality from requiring an owner, operator or tenant of a business, commercial building or multifamily property from measuring and reporting energy usage and consumption or face a fine was signed by Governor Doug Ducey.