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IStar completes sale of Ariz. asset for $133M

Diversified real estate investment trust iStar Inc. wrapped up the repositioning and disposal of the 76-acre Westgate Entertainment District in Glendale, Ariz., to YAM Properties LLC for $133 million.

The property contains 553,000 square feet of retail, office and residential space, along with 33 acres of fully entitled land.