PHOENIX, AZ – A 355-unit, Central Phoenix apartment community at 2912 E. Indian School Rd. in Phoenix sold for $12.5 million.

PHOENIX—Cassidy Turley announces that Irvine-based BKM Capital Partners acquired Black Canyon Business Park, a 219,090-square-foot business park at 8041 N. Black Canyon Freeway for $13.1 million. The seller was Business Properties, also of Irvine.

PHOENIX—Security Properties, along with an East Coast life insurance company, teamed up to acquire Sonora Canyon, a 388-unit apartment community in Mesa for $30 million.

PHOENIX—To date, metropolitan Phoenix has more than 8 million square feet of industrial space dedicated to e-commerce uses. Going forward, this trend will continue to shape the Valley's industrial landscape; of the 4.2 million square feet of industrial product currently under construction, 2.1 million is being built to specs that would accommodate e-commerce uses.

PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated the $11.4 million sale of a former electronics manufacturing/warehouse building at 615 S. River Dr in Tempe.

SEDONA—Snyder Nationwide Real Estate, Inc. announces the sale of Garland's Oak Creek Lodge located in Oak Creek Canyon and nestled against the towering sandstone cliffs of the Red Rock/Secret Canyon Wilderness eight miles north of Sedona and 20 miles south of Flagstaff.

PHOENIX—Cushman & Wakefield of Arizona, Inc. negotiated a long-term lease for 23,288 square feet of industrial space at 5714 N. 51st Ave., bringing Sunbelt Rentals, Inc. to the property.

PHOENIX—Lincoln Plaza Shopping Center, located on the southwest corner of Scottsdale Road and Lincoln Drive in Scottsdale, was sold to an investment group for $25 million in an all cash deal. AJ's Fine Foods supermarket anchors the retail center.