PHOENIX—Sundance Bay, a Utah-based company specializing in the acquisition, development and stabilization of distressed multifamily assets, has commissioned an expansive mural as part of a revitalization project in downtown Tempe.

TUCSON—Hendricks-Berkadia announces the sale of Brookwood. The 272-unit apartment community was sold for $11.5 million. The seller was Desert Pines Properties, LLC, an affiliate of HSL Properties of Tucson; the buyer was Summit Brookwood I, LLC and Pacific Brookwood, LLC, an affiliate of Summit Equities of Los Angeles, CA.

PHOENIX—Sonoran Spine Center purchased three office condos totaling 13,420 square feet from Southwest Value Partners of Phoenix. The condos are located on Rio Solado Parkway.

PHOENIX—One of Arizona's natural treasures will go to an online auction February 27, according to Douglas Johnson, managing director of CBRE Auction Services. The historic Castle Hot Springs resort once played host to such families as the Astors, Roosevelts, Vanderbilts and the Wrigleys.

TUCSON—As much as $100 million in new business sites across downtown in 2014 and up to $1 billion in the downtown corridor over the next 10 years could be a part of Tucson's growth cycle.

PHOENIX—Institutional Property Advisors (IPA), a division of Marcus & Millichap Real Estate Investment Services, announces the expansion of its national team of senior advisors with the addition of Steve Gebing, according to Brian Murdy, national director of IPA.

PHOENIX—Colliers International in Greater Phoenix has promoted 24 brokers, including three to senior executive vice president and 10 to executive vice president.

TUCSON—Several major land parcels owned by the City of Tucson have been declared surplus and the first three have been brought to market this week.