| Phoenix office building bought for hotel conversion
Equus Group sold the Ellis Building, a six-story office building at 135 N. 2nd Ave. in downtown Phoenix, for $10.3 million, or $161.76 per square foot, to Aperture Hotels, which intends to redevelop the property into a hospitality destination.
Plans call for preserving the building’s architectural character while repositioning it to serve growing visitor demand generated by such nearby attractions as the Phoenix Convention Center, Chase Field and Arizona State University’s downtown campus…» |