Paying up for urban living

Zach Ralls recently moved into an apartment at the 44 Monroe building in downtown Phoenix. / Jim Poulin / Phoenix Business Journal

By Angela Gonzales | Phoenix Business Journal

After graduating from Arizona State University, Zachary Rall moved into a Tempe apartment, then lived in Old Town Scottsdale for a few years.But the co-founder of commercial real estate investment company B&R Capital Partners wasn’t getting the urban feel he wanted.

“I’ve always wanted to live in a big city like Los Angeles or New York,” said the Arizona native. “When my partner and I started our business 18 months ago, it necessitated us to stay here. Downtown Phoenix is the closest we can get to a big-city feel.”

While Tempe and Old Town Scottsdale seem geared more toward a younger, professional demographic, the central core in Phoenix feels more grown up, Rall said.

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