A Tempe, Arizona project that we've been following since 2006 finally has some new owners. Earlier this year the Centerpoint Condominiums project fell into foreclosure. The concrete, glass and steel project called for a pair of 30-story towers with around 800 units ranging in size from small studios to large penthouses. The project has been unfinished for years. ML Manager LLC, acting on behalf of investors, filed for foreclosure and placed the unpaid principal of condo developer Tempe Land Co. LLC at $135 million. Although a foreclosure auction was held in April there were no takers. The project has
now been purchased by the Zaremba Group for $30 million. Proceeds from the sale will go back to the development's investors. The company plans to finish the two residential towers and retail space by summer 2011 and then rent it out rather than sell the condos as was originally planned. The luxury apartments
will be marketed to Arizona State University students.
That's An Interesting Look, Madge
The List #0147: Escape a Car Underwater
Charlie Sheen Gets Back To His Roots
Visit the Maldive Islands Before It's Too Late
Reptiles Make Home in UK Man's Cable Box
WHOOPS! Obama Makes Big Gaffe
Springtime Budget-Busters -- Savings Experiment
Is This Woman Too Pretty To Work?
Candid Portraits Of Strippers After Hours
Distraught Mom Becomes Face of Oklahoma Storm
Mariah Carey Suffers Wardrobe Malfunction on Good Morning America
16 Pasta Dishes Worse Than Yours
The Story Behind Hairspray
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Mariah Carey Curses And Busts Out Of Dress On Live TV
Amanda Bynes Arrested, Undergoes Psychiatric Evaluation--See the Shocking Mugshot!
AMAZING PHOTO: UFO Spotted Over San Diego
Killed Soldier In London Attack Identified
Abercrombie Announces Plummeting Sales Amid Controversy
What It's Like To Talk To A 2-Year-Old
Luke Wilson Caught Staring At Fan's Chest
Best Friends Reportedly Die Holding Each Other In Tornado
Rapper Accused Of Faking His Own Death To Escape Payments
Danny Tanner Is Fighting With Topanga
New Trayvon Martin Evidence Features Incriminating Photos, Texts From Teen
Jury Foreman: '18 Days Of Testimony Hurt' Jodi Arias
Teenager's 'Awww'-Inspiring Drawing Wins Big At Google
Brave Woman Stood Down Armed London Attackers
WATCH: Police Force Shows Up To Support 5-Year-Old Who Lost Her Dad
Jodi Arias Jury DEADLOCKED
Mum-Of-Two Faces Down Woolwich Attack Suspects
'DWTS' Shakeup Ahead?
