SCOTTSDALE, AZ-An apartment developer based in Dallas has closedthe first phase of a $30.6-million contract with DMB AssociatesInc. for an empty plot at One Scottsdale. TDI Real Estate HoldingsLLC gave out $16.6 million to purchase 17 acres of land at the100-acre-plus mixed-use project.
TDI has plans to start the first phase of the two-phase projectlater this year and open 388 units by Q3 or Q4 2014. Michael LiebLtd. represented TDI and Nathan & Associates represented DMB inthe deal. For the full story, go to Phoenix Business Journal .
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