In the News!

3 offices sold for $144 mil, from the Arizona Republic, reports that three Valley office properties changed ownership on Wednesday in a $144 million deal. The deal included the Gainey Ranch Financial Center, the Scottsdale Executive Office Park, and the Paradise Village Office Park. The deal is one of the larger commercial portfolio transactions in the Valley and highlights the attractiveness of local properties to institutional investors. The buyers were a joint venture between Los Angeles based Lowe Enterprises Real Estate Group and GE Real Estate. They plan on spending $1.4 million in property improvements.

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