PHOENIX-Rencor Development pencils March 31 to start work on a 10-building development with 60,000 sf dedicated to medical and general office users. Arrowhead Ranch Office Park will sit on nine acres at Deer Valley Road and 77th Avenue.

PARADISE VALLEY, AZ-The Newport Beach company plans a $20-million full renovation to stage a repositioning of the 262-room Doubletree La Posada Resort, a 28-acre property bought from Hilton Hotels.

PHOENIX-As Laich Industries readies to exit town, interest is mounting for a 100,000-sf plastics manufacturing site. Meanwhile, the listing broker's already holding a contract from a private investor on 6.9 abutting acres.

PHOENIX-The locally based mortgage firm signs a two-year lease worth

SCOTTSDALE, AZ-The Atlanta-based eatery grabs one acre for $1.2 million in the new Kohl's Center.

PHOENIX-Crown Pacific Properties, partnering with AEW Capital, corners the deed to the 40-year-old Camelback Towers. The game plan is a new name and full makeover of the 255 units will reposition the acquisition into an upscale residential destination.

MARANA, AZ-The national retailer takes 4,000 sf in for the one-year-old, 203,000-sf power center that's now fully leased with the new deal. Payless ShoeSource is planning an Aug. 1 opening under terms of a 10-year lease.

Waste Management Pens $5M Office Lease