DMB Entity buys parcel at Centerpoint in Tempe planned for two residential towers

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Tempe – In a deal that almost seems to good to be true, a company formed by DMB Associates Inc. in Scottsdale (Drew Brown, Mark Sklar, Bennett Dorrance, principals) paid $875,000 to buy a site within the Centerpoint mixed-use project in Tempe that is zoned for 400+ residential units. The seller in the cash sale was the same entity that recently acquired two partially-developed condominium towers at Centerpoint, ZarCalRes Tempe LLC.