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L.A. Angels Owner Buys Biltmore Court

Arte Moreno Purchases Phoenix Multifamily for $2.3M
By Matthew Kirchwehm
June 17, 2009 | 7:14 P.M.

Los Angeles Angels owner Arte Moreno and business partner Joseph Fitzgerald acquired the Biltmore Court apartment complex in Phoenix from the National Bank of Arizona for $2.3 million, or $165,000 per unit. The bank had taken title in lieu of foreclosure.

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