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Multifamily Complex in North Central Phoenix Trades for $45 Million

California Investment Firm Buys 200-Unit Cobblestone Apartments in Deer Valley

The Cobblestone Apartments in Phoenix was built in 1980. (CoStar/Tim Nelson)
The Cobblestone Apartments in Phoenix was built in 1980. (CoStar/Tim Nelson)

A Southern California-based company paid $45 million to buy a 200-unit apartment complex in Deer Valley, a greater Phoenix neighborhood that has become increasingly popular among multifamily investors.

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