PHOENIX—Cassidy Turley announces that Hayden House Tempe, LLC, a partnership between San Diego-based Douglas Wilson Companies, Hensel Phelps Development LLC, a subsidiary of Hensel Phelps based in Greeley, CO, and Los Angeles-based Karlin Real Estate closed on 2.51 acres at the southwest corner Mill Avenue and Rio Salado Parkway in Tempe for $16.87 million.

PHOENIX—Nick Miner, vice president of ORION Investment Real Estate, was appointed to serve as a member of the Certified Commercial Investment Member Institute's Executive Committee, which is as a governing body for the organization that works in conjunction with CCIM's Board of Directors, national committees, and staff.

PHOENIX—Faris Lee Investments, a retail advisory and investment sales firm, has completed the $13.7 million sale of a two-building, NNN-leased retail property in Peoria. Situated on 5.12 acres and totaling 51,200 square feet, the property is fully occupied by LA Fitness, OfficeMax, Carter's, and Styles for Less.

PHOENIX—The Chandler City Council has approved the Planned Area Development zoning request and site plan approval for Chandler Airport Center, a general industrial park at the southwest corner of Germann and Cooper Roads in Chandler.

PHOENIX—LGE Design Build is kicking off the design of the second phase of Heritage Marketplace, a family friendly, pedestrian-oriented, mixed-use development in downtown Gilbert.

PHOENIX—The adjacent sister property at Portland Place, which will add 170 true lofts and finished condos to the Downtown Phoenix Roosevelt Historic and Art District is opening its sales office on November 6th.

TUCSON—Barbi Reuter has been elected to the Commercial Real Estate Women network board of directors, she is the first from Tucson to serve on the board. CREW is the industry's leading advocate for the advancement of women in commercial real estate.

Many factors—including a lack of product, abundance of cheap capital and steady returns—mean a slam-dunk for sellers in this market