PHOENIX—ORION Investment Real Estate announces the sale of The Cornerstone shopping center in Tempe located on the northeast corner of Rural Road and University Drive adjacent to Arizona State University. The 117,351-square-foot center sold for $29 million to Cornerstone Retail, L.L.C., a commercial real estate entity affiliated with YAM Properties which was founded by Valley businessman and Go Daddy founder Bob Parsons.

PHOENIX—Seventy-two new homes will hit the market on Saturday, December 6 in Downtown Scottsdale when owner iStar Residential hosts a grand opening event for the final phase at Sage, the luxury condominium community located along the Scottsdale waterfront.

TUCSON—Tucson's third quarter office numbers continue to be a mixed bag. GlobeSt.com speaks with Buzz Isaacson, CBRE first vice president, to get his take on the numbers.

PHOENIX—The Esplanade has announced that this premier mixed-use development will undergo renovations to the ground plane and retail space with work slated to begin in first quarter 2015.

PHOENIX—Tyler Anderson, vice chairman, institutional properties, multifamily for CBRE, has lots of good news to share at the 2014 RealShare Phoenix Metro this December 15-16. With the Phoenix sector booming, he's eager to spread the news, where he'll be sitting in on a RealShare Multifamily and Market Momentum panel.

PHOENIX—Cassidy Turley announces that San Francisco-based Stockbridge Capital Group, LLC has closed on five of six properties that are part of a multi-tenant industrial portfolio in metro Phoenix for $53 million.

PHOENIX—Cassidy Turley announces that Los Angeles-based Regent Properties has acquired 90 Mountain View, a 183,644-square-foot office project located at 9977-9999 N. 90th St. in Scottsdale, for $35 million.

PHOENIX—CBRE was recently honored at the Phoenix chapter of the Building Owners and Managers Association's Annual TOBY Awards. The award, which stands for The Outstanding Building of the Year, recognizes building operations and management.