PHOENIX—New York City-based American Realty Capital has purchased the Freeport McMoRan Center for $110 million. The seller was CPE Office Owner LLC, a company formed by National Real Estate Advisors LLC out of Washington DC.

Richard Flohr discusses where the CMBS market is relative to the previous peak.

PHOENIX—ABI Multifamily has brokered the sale of a North Paradise Valley, 128-unit, multifamily property, Waterford on Tatum Apartments for $14 million or $110,742 per unit.

BOSTON—The industrial property market in greater Boston realized positive gains during the third quarter posting approximately 800,000 square feet of warehouse, flex and manufacturing space absorbed by tenants, according to Transwestern | RBJ's “indSTATus – Fall 2014” report.