PHOENIX-The Phoenix office of Colliers International has closedthe sale of three apartment complexes in East Valley for a totalprice of $11 million. Advantage South Corp. USA purchased 101condominiums of the 166-condo Dobson Bay Club in Mesa from NCBDevelopment III LLC for $4.6 million. Wells Fargo Bank sold the120-apartment Dobson Springs in Mesa to 1325 West LP for $5.4million via special servicer Helios AMC.

Michent LLC purchased the 20-apartment Casa Carmel in Tempe for$1 million. For the full story, go to Phoenix Business Journal . News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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