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Phoenix Group Buys Scottsdale Apts. for $7.3M

New Palm Villas, LLC acquires 7002 E. Palm Lane for Planned Condo Conversion
By Robert Baker
November 28, 2005 | 4:48 P.M.

Phoenix-based New Palm Villas Condominium, LLC recently purchased Palm Villas for $7.3 million, or $68,867 per unit, from Jerry Fay of Portland-based Palm Villas of Scottsdale. The buyer plans to convert the units into condominiums.

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News | Phoenix Group Buys Scottsdale Apts. for $7.3M