An entity tracing to billionaire Arte Moreno plopped down $125 million in cash for a luxury apartment community in the Biltmore area of Phoenix — the most expensive apartment property to sell so far this year.
2727 LLC bought Cortland Biltmore from an entity tracing to Cortland Partners, which built the luxury community at 2727 E. Camelback Road in 2019, according to Tempe-based real estate database Vizzda LLC.
Negotiating that transaction was CBRE’s Asher Gunter, Matt Pesch and Austin Groen…