Phoenix

SCOTTSDALE, AZ-Fierce lender competition helps Walton Street Capital to get a favorable rate on a $33.5-million first mortgage and pay down initial debt for the four-year-old, 270-room Scottsdale Marriott at McDowell Mountains.

Twelve investors brought bids to the table, but a Chicago investment firm's ability to close the deal wins it title to the Alexan at Frank Lloyd Wright. The 200-unit townhouse property sells for $23 million in cash.

PHOENIX-A California dialysis products supplier spends $2.4 million for a two-building, 107,000-sf office/warehouse complex in the southwest submarket to set up a regional headquarters and production facility in a rail-served building.

PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.

SCOTTSDALE, AZ-The proposal targets Coronado Golf Course as the next spring training facility for the Giants and Scottsdale Charros. The city owns 36 of 44 acres, but is negotiating a buyout of the balance for $1 million.

SCOTTSDALE, AZ-Ruhl Forensic buys a 12,000-sf building at 15876 N. 76th St. for a "crash and smash" test site for its accident reconstruction business. The move from Central Avenue in Phoenix takes place July 1.

PHOENIX-Four new names will go on directories in the four-building office complex in the Camelback Corridor. The new deals, which also brought an expansion, filled another 39,000 sf and delivered a promising sign for a struggling office market.

PHOENIX-A California investor's $675,000 check ropes a fully leased complex with a positive cash flow of 15% after the seller, Ben Ruzmin of Phoenix, hinted it might be for sale. The property is just south of Camelback Road.