If the volume of phone calls we’ve received from potential buyers of the Centerpoint Condominiums development is any indication, then a deal by Mortgages Limited to sell the iconic high rises is probably forthcoming.

According to the previously published reports in the Arizona Republic, Mortgages Limited indicated that the original volume of interest in the Centerpoint development from developers, investors, hoteliers, etc. from across the country (and other countries) was somewhere in the neighborhood of 40.  From there, Mortgages Limited shrunk the group to the most serious 10 investors.  So, now these 10 interested buyers are in the final stages of their due diligence.  Who will end up with Centerpoint?  At this point, it is anyone’s guess!

Want a closer look at the interior of Centerpoint?  Check out our photo gallery from our construction tour of the Centerpoint Condominiums prior to the bankruptcy.

Click here to view.

Email Tom Tokoph | 602.549.9000

Designated Broker | Urban Realty & Development