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Glencoe, Ill.–based Optima Inc. has reinvested in the Optima Sonoran Village apartment community in Scottsdale, Ariz., through a partnership with Des Moines, Ia.-based Principal Real Estate Investors Inc. The partnership acquired Optima Sonoran Village Phases I and II for $200 million from an existing Optima-sponsored venture. JLL brokered the equity for the deal. In addition to acquiring...

Polaris Pacific's market research confirms continued sales volume and median price growth in the Phoenix and Scottsdale markets PHOENIX, Feb. 6, 2018 /PRNewswire/ -- Leading West Coast condominium sales and marketing company Polaris Pacific is strategically expanding its involvement in Arizona to capitalize on two of the fastest growing residential real estate markets in the United...

GLL Real Estate Partners, a Munich, Germany-based real estate fund management group, acquired the 226,358-square-foot Lincoln Towne Centre in Scottsdale, AZ from Transwestern for nearly $69 million, or approximately $305 per square foot. The sale included two, five-story office buildings at 4150-4250 N. Drinkwater Blvd. that were built in 1999. The complex has a diversified...

Planned 125-room Hotel is First and Only Attached to Tucson Convention Center 2 min Scottsdale, Ariz. – Caliber Hospitality, a division of real estate investment firm Caliber - The Wealth Development Company, today announced plans to build a new 125-room hotel anchored at the Tucson Convention Center. Slated to break ground in late 2018, the hotel development...