PHOENIX—CBRE has negotiated the sale of Kierland II located at 16260 N 71st St. in Scottsdale. The 237,875-square-foot office building commanded a sale price of $49.15 million.

PHOENIX—There are still value-add properties on the market, according to Steve Jaffe, who has recently been promoted to chief investment officer and principal of BH Properties. With the 100th and highest valued asset acquired to date on the books, BH Properties is making shifts in the firm's buying strategy. Jaffe talks to GlobeSt.com about the latest acquisition and the firm's plans for the future.

PHOENIX—The Arizona Department of Child Safety leased 27,340 square feet at One MacDonaldCenter, 1 N. MacDonald Drive in Mesa. The Arizona Department of Child Safety leased the first, third, and fourth floors and now brings One MacDonald Center to 92% occupancy.

PHOENIX—Trammell Crow Company and Prudential Real Estate Investors have announced an agreement to form a joint venture to develop a Class A, speculative office campus featuring two, two-story buildings totaling 210,000 square feet in Chandler.

PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the $2.8 million sale of the Charter Palms Apartments, 1220 N. 44th St. Plaza de Vista, LLC of Tempe purchased the property from Realty Partners Charter LLC of Phoenix.

PHOENIX—Houston-based Domain Acquisitions LLC in partnership with BH Equities LLC of Des Moines (DFA/BH Midtown LLC of Houston, Texas) purchased Midtown on Main Apartments, a transit-oriented, class B complex in Mesa for $34.95 million, or $74,047 per unit. The seller was Bay Club Partners LLC of Beaverton, OR.

PHOENIX—Thomas Bradford Communities, a newly formed company founded by Peter H. Thomas and Mitchell Bradford, plans to acquire $100 million worth of multifamily assets throughout the Southwest.

PHOENIX—Sonoma Valley LLC of Scottsdale purchased Indian Wells,a 176-unit class B multifamily complex in Apache Junction, from CSFB 2004-C5 Apache Apartments, LLC a subsidiary of LNR partners of Miami Beach.