Citi on Camelback Citi on Camelback

Chicago-based Rockwell Property Co. has acquired a 192 condo units inside the 360-unit Citi on Camelback residential community in Phoenix for $32.7 million. It is the company’s second acquisition in the market tin four months.

The property was built in 2002 and converted into a condo project in 2008; however, due to the economic downturn, only 168 units sold. Rockwell plans to upgrade the interior units, and is open to buying additional units in the building.

Upgrades will include improved flooring, new cabinetry, quartz countertops, smart technology and upgraded finishes throughout.  The company also will take over the property management responsibilities for the community.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.