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September 25, 2019  

SPOTLIGHT: Phoenix-Area Apartment Market

Sales climbed 15% in the first half, to $3 billion, according to Real Estate Alert’s Deal Database, which counts trades of $25 million and up. That was the highest total ever for a first half and put the market on track to eclipse the $5.9 billion annual record set last year.Employment growth in Arizona’s healthcare, construction and financial sectors is driving leasing demand. Green Street Advisors projects that Phoenix jobs will...

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