Arizona apartment deal tops $31 million

Buyer has conversion plans
Published on Apr 11, 2007

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by CareyBot

Falcon Glen Apartments, a 402-unit multifamily complex in Mesa, Ariz., has been sold to an out-of-state investor. Salt Lake City-based Carlsbad Development I LLC purchased the property from Santa Barbara, Calif.-based IDB Investments LLC for $31.5 million. The property, which ...

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