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From his office at the Camelback Esplanade, Pete Bolton watches commercial real estate deals develop and crumble daily. Lately, the top executive for the Valley’s largest commercial brokerage, CB Richard Ellis, has seen a lot of done deals, especially close by. Buildings on Camelback Road have been busily changing ownership the past two years, with sales figures approaching $375 a square foot. Rents have consequently crossed the $40-per-square-foot threshold.  More…

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