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Chance Encounter Leads to $4.1M Sale

PHOENIX-The 104-unit Maryland Villas complex at 6333 N. 12th St. sells to a first-time Phoenix buyer from Hollywood, CA. A Marcus & Millichap broker meets the buyer at an investment seminar and later introduces him to the deal.

By Beverly Ford | Updated on October 25, 2002

PHOENIX-A chance encounter at an investment seminar led to a $4.1-million sale of a Phoenix apartment complex for broker Ric Holloway, with Marcus & Millichap Real Estate Investment Brokerage Co.

Cliff David, with Marcus & Millichap’s Phoenix office, tells GlobeSt.com that the meeting led to a business relationship between Holway and buyer Brent Nelson of Hollywood, CA which culminated in the sale of the Maryland Villas. David said the deal was Nelson’s first venture into the Phoenix real estate market.

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