Renovated but Struggling Arizona Center Retail Plaza Sold; Plus 11 More Valley Real Estate Deals to Know

The struggling Arizona Center retail plaza in downtown Phoenix, which includes a 19-story office building, has been sold to Reliance Management for $27 million. Meanwhile, San Francisco-based Reliant Group acquired the Phoenix Manor Apartments, a 450-unit senior community, for $50 million, and Neighborhood Ventures, a crowdfunded investment firm, purchased the 30-unit Avanti Apartments for $4.8 million. On the development front, StarPoint Properties will construct Dobson Station, a 245-unit multihousing development in Mesa, while ZenniHome has broken ground on a 90-unit, small-footprint home development in downtown Mesa. Also, Macayo’s Mexican Food and Dog Haus announced new restaurant openings, and Batch Cookie Shop is set to significantly expand its East Valley presence.

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