Koelbel Acquires First Project in Arizona
Colorado-based Koelbel and Company is continuing its national expansion with the recent purchase of the high-profile Camelback Collective office building—the company’s first property in the Phoenix metro area. Koelbel purchased the property at a steep discount for $48,250,000. In 2022, the property sold for $66.3 million and it cost about $80 million to develop. “We’ve seen firsthand how […]
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