Investors buy Century Plaza condo tower

The Century Plaza high-rise condominium tower's new owners are hoping to see the award-winning but financially embattled former office building in Phoenix enjoy the success that has eluded it for nearly two years. An investment partnership led by Canadian developer Macdonald Development Corp. said Friday that it has purchased the 17-story project for an undisclosed sum. After opening in mid-2008, Century Plaza ran into financial trouble almost immediately.

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