Start with what is right rather than what is acceptable.
Apr 15, 2015, 11:26am MST Mike Sunnucks Senior Reporter-Phoenix Business Journal
One of the tallest buildings in Arizona has been sold for $50.7 million
The 44 Monroe apartment building in downtown Phoenix has been sold by Boston-based Winthrop Realty Trust to Tucson-based HSL Properties, according to Business Real Estate Weekly of Arizona.
The 34-story tower is the tallest residential building in the state. It is located at Monroe Street and First Avenue in downtown Phoenix.
The 40-story Chase Tower building, a block away from 44 Monroe, is Arizona’s tallest building.
The 44 Monroe building went through a foreclosure after originally being marketed as high-priced condos.
Winthrop acquired the property for $40 million in 2013.
Officials at HSL and Winthrop were not immediately available for comment.
Mike Sunnucks writes about residential and commercial real estate, government, law, sports business and workplace issues.
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