Commercial Real Estate Direct Staff Report Michael Development Corp. has paid $26.5 million, or $83.20/sf, for Scottsdale Center, a 318,526-square-foot retail property in Rogers, Ark. The Los Angeles company bought the 23-year-old property, at 503 North 46th St., from the CMBS trust that had held a $35 million mortgage against it. Simmons Bank provided an […]

The post Rogers, Ark., Retail Property Sells for $26.5Mln; 2007 CMBS Loan Resolved appeared first on Commercial Real Estate Direct.