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01/30/07
Office rents rising downtown
Filed under: General, Real Estate
Posted by: Lillian Wong @ 10:00 pm

A $40 million building sale in downtown Phoenix has real estate insiders talking up the potential for rents climbing while the area awaits more office space to be built. The recently renovated One11 West Monroe building, which is only 47 percent occupied, sold this week for double the amount for which it sold 21 months ago. In the previous $20 million deal, the building also came with 2 acres of land.  More…

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