PHOENIX—Institutional Property Advisors, a brokerage division of Marcus & Millichap, has arranged the sale of Colter Park, a 384-unit apartment community in Phoenix.

PHOENIX—Steve Jaffe, executive vice president and general counsel to BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, speaks exclusively with GlobeSt.com about value-add industrial and multifamily markets.

PHOENIX—Capital markets experts in the Phoenix office of JLL have completed the $13.91 million sale of Chandler Corporate Center I, a 67,561-square-foot Class A office property in Chandler.

PHOENIX—Lincoln Property Company is among only fourteen buildings from across the world to earn an International BOMA “The Outstanding Building of the Year” award at this year's BOMA conference, held last week in Orlando. The win provides global exposure for LPC's project entry—the LEED Platinum certified Arizona Game & Fish Department Headquarters in Phoenix.

PHOENIX—Mica Creek-Sagamore Capital Partners of Phoenix sold City 15 to Retirement Concepts of Vancouver, B.C., Canada. The $10.85 million sale price brought $67,391 per unit, which equates to $102 per square foot.

PHOENIX—Pacific Realty Advisors (Kenn Francis and Tod Thorpe, Scottsdale) will break ground this year on a 211,505-square-foot, two building industrial project on the northwest corner of Broadway Road and Dobson Road in Mesa.

PHOENIX—American Residential Properties, Inc. has amended the credit agreement governing its senior secured revolving credit facility, to, among other things, increase the maximum borrowing amount from $380 million to $500 million.

PHOENIX—Rance King Properties Inc. of Long Beach, purchased Northern Greens, a 420-unit Class B apartment building in Glendale for $21.2 million, or $50,476 per unit from GA Northern Greens, LLC of Des Moines. The property is located at 8150 N. 61st Ave.