Michael House LLC purchased the 1500 E. Bethany Home Road Office Building, a 26,500-sf office project at 1500 E. Bethany Home Rd. The project is less than a half mile from the Squaw Peak Parkway.

The office market continues to tighten throughout the Valley. The overall vacancy rate at the start of the fourth quarter was 9.7%, according to a study by CB Richard Ellis.

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