Camelback Building SOLD for near RECORD...

Camelback building sold for near record, from the Arizona Republic, reports that the Hines Building located at the southwest corner of Camelback and 24th Street sold for a near record price, $107 million, showing the strong demand for class A office space in the Camelback Corridor. Investors are paying top dollar for signature office buildings in the Camelback Corridor. Driving the deals: the condo craze that is taking out potential office sites and a recovering economy that is improving the financial strength of companies looking for elite office space. Hines retained control of a site just to the west that they plan to build a residential tower on in the future.

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