PHOENIX—There's no space like trophy space. The premiere office towers that make up Phoenix's skyline boast—by far—the most expensive office space to rent, garnering asking rents that are 33.5% higher than non-trophy space, according to JLL's 2015 Digital Skyline.

PHOENIX—In this edition of Deal-Tracker, Daum Commercial Real Estate Services negotiates the $5.7 million sale of a 120,000-square-foot industrial manufacturing facility located on 28 acres at 6112 N. 56th Avenue in Glendale.

PHOENIX—ABI Multifamily has closed the $11 million sale of the 224-unit Fountain Oaks Apartments located near 40th Street and McDowell Road in Phoenix.

PHOENIX—CBRE has negotiated a 62,771-square-foot office lease at Black Canyon Commerce Park located at 2133 W. Peoria Ave. in Phoenix.

TUCSON—Berkadia closed the sale of The Place at Tierra Rica, a multifamily property located at 3201 and 3225 W. Ina Rd. in Tucson. The buyer was Aspen Square of West Springfield, MA. The seller was MC Companies of Scottsdale.

PHOENIX—DTZ announces that East Village at Shea LLC, a company formed by YAM Properties, LLC, purchased Village at Shea, a 117,025-square-foot retail center at 7366 E. Shea Blvd., for $32.5 million.

HOUSTON—Michael Scheurich of Arch-Con Corporation talks to GlobeSt.com EXCLUSIVELY about his upcoming panel at O.CON: The Office Conference.

PHOENIX—Sonoran Ridge and the adjacent 100-room, Day's Inn Motel were purchased by Lennar Multifamily Communities for a combined purchase price of $11.5 million. The 6.7 acre site is set to be redeveloped into a 399-unit apartment community featuring four levels of apartments stacked on top of podium parking and 4,242 square feet of ground floor retail space.