PHOENIX—Cassidy Turley announced they succssfully sold North Mountain Professional Plaza, a 9,850-square-foot multi-tenant office project at 1850 E. Thunderbird Rd. in Phoenix. LDP Associates of Phoenix purchased the property for $1.3 million from North Mountain Professional Plaza, LLC.

PHOENIX—Healthcare Trust of America, Inc. announced this week that it had executed a new $300 million senior unsecured, four-year term loan.

PHOENIX—HREC Investment Advisors announces it has arranged the sale of the 257-guestroom Hilton Phoenix Airport Hotel in Phoenix. The buyers were Wanamaug Hospitality and Interstate Hotels and Resorts. The seller was Mass Mutual Life.

PHOENIX—Pacific Medical Buildings announces the recent addition of Michael C. Brinkley to its team as the healthcare strategic advisor for healthcare development and acquisitions in Arizona.

PHOENIX—CBRE has negotiated the sale of 1868 and 1872 E. Broadway in Tempe, AZ. The two industrial buildings, totaling 129,690 square feet, brought a sale price of $3.6 million.

PHOENIX—A brief tour of downtown and the Valley's suburbs gives a semi-accurate snapshot of the strip mall vacancy scenario: there are vacancies aplenty, and it doesn't look as though the outlook will be changing any time soon.

PHOENIX—Voit Real Estate Services announced yesterday that it had closed on the purchase of Warner Business Center in Tempe, AZ.

PHOENIX—W. P. Carey Inc. announced yesterday that CPA:17 – Global, one of its publicly-held non-traded REIT affiliates, has acquired an office building in Tempe, Ariz. leased to Avnet, Inc.