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03/03/07
Office-complex dealings in Valley reaping millions
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:14 pm

It’s a month for office building megadeals in Tempe, Scottsdale and Phoenix. Several buildings sold recently, each for more than $45 million. The sales come on the heels of two other deals, one worth $75.62 million, the other worth $40 million in the past month. “What’s unusual about these transactions is the velocity at which they all occurred and the fact that so many of the Valley’s top office assets changed hands at roughly the same time,” said Jim Fijan, one of two brokers at CB Richard Ellis’ Phoenix office who worked on four of the deals just announced.   More…

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