Phoenix

CASA GRANDE, AZ-The PepsiCo affiliate will keep 10 acres for a distribution center and Arizona Land Group gets the rest of the $5.3-million buy for development sites.

CHANDLER, AZ-Biltmore Holdings and LGE Design Build acquire a 22.5-acre site that once held an industrial plant, with plans to develop the 468,000-sf 101 Chandler.

PHOENIX-Now that it's won the deed, Baron Properties plans to pump another $2.7 million into upgrading its newest investment, the Alegria Apartments.

PHOENIX-The local firm will develop part of the land with office, industrial and retail and flip tracts to users.

PHOENIX-With preleasing at 88%, PC & Development LLC starts work on the $12.5-million Plaza Mayor. A 30,000-sf Hacienda Market will anchor the 62,000-sf project.

PHOENIX-Cornerstone Real Estate Funds buys the 96%-leased Pinnacle Park Business Center II from its developer, LaPour Partners.

TEMPE, AZ-After paying $18.8 million for the deed, Bronco Real Estate will put another $2 million into upgrading the 92%-leased Cameron Creek Apartments.

SCOTTSDALE, AZ-The investment group snags the 100%-leased Raintree Office Center for its portfolio for $21.1 million, using 1031 exchange funds and assuming its debt.