Overton Moore Properties (OMP), a Gardena, Calif.-based development company purchased a 127,680 SF warehouse facility at Freeport Center, 420 S. 53rd Ave., Phoenix for $6.95M ($54.43 PSF). The price included a 2.09 acre site adjacent to the building. The recently closed transaction marks Overton Moore’s entry into the Phoenix commercial real estate market.

Arizona short-term rental bill likely dead for the year
By Bob Christie | AZ Capitol Times Key Points: An Arizona House measure boosting rules for short-term rentals like those offered through Airbnb and Vrbo




