Sunday, January 19, 2014

CityCenter reviving under new ownership

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The new owners of CityCenter of CityNorth, a mixed-use development near Desert Ridge in northeast Phoenix, say they’re attracting new tenants, filling vacancies and improving the property.

The development has faced legal and economic troubles since opening in 2008 during the economic downturn. Scanlan Kemper Bard Cos., a real-estate private-equity firm based in Portland, Ore., and Wayzata Investment Partners purchased the property for $67 million in April.

Read more...CityCenter reviving under new ownership

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