{"id":228724,"date":"2025-09-15T12:40:16","date_gmt":"2025-09-15T12:40:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/228724\/"},"modified":"2025-09-15T12:40:16","modified_gmt":"2025-09-15T12:40:16","slug":"firm-connected-to-arte-moreno-buys-phoenix-land-for-11m","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/228724\/","title":{"rendered":"Firm connected to Arte Moreno buys Phoenix land for $11M"},"content":{"rendered":"

A firm connected to Arizona-based billionaire Arte Moreno has scooped up a 1.47-acre Phoenix property for $11 million.<\/p>\n

The parcel contains a pocket park that rests between a historically significant Chase Bank location at 4401 E. Camelback Road and a commercial center anchored by The Henry<\/a>, a popular restaurant and meeting spot from Sam Fox\u2019s Fox Restaurant Concepts \u2014 which also has its corporate offices in the complex.<\/p>\n

The Moreno-affiliated company already owns the commercial center.<\/p>\n

Who is Arte Moreno?<\/p>\n

Moreno is the owner of Major League Baseball\u2019s Los Angeles Angels. He was recently ranked by Forbes at the fifth-richest Arizona resident with a net worth of $5 billion.<\/p>\n

He has also been an active real estate investor in the Valley over the past year. An entity tied to Moreno in May purchased a 21-acre vacant lot in Gilbert, while Moreno also purchased an office complex behind his Biltmore Estates mansion for $60 million in November 2024.<\/p>\n

This story is posted in partnership with Phoenix Business Journal. Click to read the full story.<\/a><\/p>\n

We want to hear from you.<\/p>\n

Have a story idea or tip? Pass it along to the KTAR News team here<\/a>.<\/p>\n

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