posted on February 10, 2011 20:30
Orix Capital Markets LLC of Dallas has sold a 13-building office complex in Scottsdale, Ariz., for $6.9 million. Orix obtained the property in April 2010 through a foreclosure action, according to a news release distributed by CB Richard Ellis in Phoenix. It sold it to Covington Asset Management LLC.
According to its website, ORIX Capital Markets is a fully-integrated, commercial real estate finance and investment company with more than $1 billion in assets. Its core businesses are in real estate lending, CMBS and debt securities investments, real estate equity investments, acquisitions and development, capital markets activities and special servicing /asset management.
Dallas Business Journal, 2/10/11