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PHOENIX — CB Richard Ellis (CBRE) has negotiated the $3.88 million sale of a 77,778-square-foot single-tenant warehouse located at 824 E. University Dr. in Phoenix. CBRE’s Joe Porter, Pat Feeney, Dan Calihan and Rusty Kennedy represented the seller, RGR Development Corp., in the transaction. Represented by Bill Hudson of Ross Property Advisers and Sperry Van Ness’ Adam Lopez, the buyer, Majik Ventures LLC, plans to relocate to the new building in August.