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PHOENIX-A limited liability company from Seattle has outmaneuvered at least a dozen others by going $50,000 above the $11.5-million list for the 183-unit Villa Marbella. At the gist of the deal is a value-add plan for the class B complex.

Ahwatukee Apartments LLC outbid five full-price offers to win the 20-year-old complex at 11025 S. 51st St., David Fogler, senior vice president of Phoenix-based Grubb & Ellis

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