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In 1851, the oldest predecessor of The Phoenix Companies, The American Temperance Life Insurance Company, was founded.The American Temperance Life Insurance Company was a part-mutual, part-stock company that insured only those who abstained from alcohol and was founded by a group of prominent Hartford businessmen as well as religious and civic leaders.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
In June 2023, Phoenix and Lendlease entered a joint venture to develop a A$185 million logistics facility in Australia. [9] In January 2024, it was reported that for Phoenix's seventh opportunity fund, it removed mainland China from its strategy. [10] The most notable property owned by Phoenix is Tower 535 located in Causeway Bay, Hong Kong. [11]
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Arrowhead Towne Center, often referred to by locals as Arrowhead Mall, [2] is a super-regional shopping mall located in Glendale, Arizona (west suburban Phoenix). The mall is owned by Macerich & GIC Private Limited. The mall features Macy's, Dillard's, JCPenney, and Dick's Sporting Goods in addition to a 14-screen AMC Theatres, and Round 1.
The more soft-spoken McArthur was Harvard-trained in architecture, mathematics, engineering, and music. McArthur obtained an architect's license in Arizona, number 338, in 1925, the year he arrived in Phoenix to begin his practice. [1] [2] [3] Adding to the confusion, Frank Lloyd Wright influences have been added to the property over the years.
Brixmor Property Group is a publicly traded real estate investment trust that invests in shopping centers. As of December 31, 2022, the company owned 373 shopping centers containing 66 million square feet of retail space. The company's largest markets are Florida (13.5% of revenues), California (11.4% of revenues), and Texas (11.2% of revenues).
Arizona Mills is an outlet shopping mall in Tempe, Arizona within the Phoenix metropolitan area. It is a tourist destination in Phoenix, Arizona built by the Mills Corporation (which owned 25%) and Taubman Centers. Taubman has since sold its 75% stake to Simon Property Group, which had already purchased the Mills Corporation in 2007.