National

TEMPE, AZ-Months after selling another multifamily property, Nuvida Ventures plows its 1031 exchange money into the 172-unit Paxton on Rural.

HOUSTON-The local REIT pays $8.3 million for Pima Norte, a five-building office condo project in Carefree, AZ. The 50,000 sf will be leased rather than sold as condos.

DALLAS-Grubb & Ellis and the University of North Texas collaborate on a program to create an expert global team that speaks and understands supply chain language.

BILLINGS, MT-Foursquare Properties Inc. of Carlsbad is developing Billings Town Square as a regional power retail and lifestyle center.

SEATTLE-The hospitality arm of the locally based Goodman family acquires three Fairmont-branded hotels, two in Acapulco and one in Bermuda, which will receive $70 million in upgrades.

SALT LAKE CITY-The duo will prepare the land for development, deliver a speculative 470,000-sf distribution center in late 2008, sell off some parcels and retain the remainder for future phases.

SANTA ANA, CA-Sukut Construction Inc. will build the roads and underground infrastructure on the 4,000-acre first phase of the 13-square-mile master-planned community.

LAS VEGAS-Three different ownership groups are looking to sell as one their six contiguous parcels. The acreage, abutting Interstate 15, could fetch $6 million per acre.