Commercial Executive Magazine hears exclusively from Steve Gebing of IPA on the recent $55 Million Davenport multifamily deal. Tempe, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of The Davenport, a 442-unit multifamily asset in Tempe, Arizona. The $55.5 million sales price equates to $125,566 per unit. Gebing and Cliff David, IPA senior managing director, represented the seller, an affiliate of Abacus Capital Group and procured the buyer, Tides Equities. “The
PHOENIX, ARIZ. – CBRE announced the $21.45 million sale of a retail portfolio comprising four metro Phoenix retail assets totaling 29,001 square feet and three fully improved developable retail pads in Phoenix’s West Valley. An unnamed private family trust acquired the portfolio from TradeCor LLC. CBRE’s Glenn Smigiel, Bob Young, Steve Brabant, Rick Abraham, Bill Bones and Chris Ryan represented TradeCor LLC in the transaction.Bruce Francis, Bob Ybarra, Dana Summers, Shaun Moothart and Doug Birrell of CBRE Debt & Structured
PHOENIX, ARIZ. – CBRE has arranged the sale of the 297-unit Class A multifamily community Trillium 44 on behalf of Trillium Residential to an affiliate of the ConAm Group for $56 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Trillium Residential. Located at 111 N. Dupont Circle in central Phoenix, Trillium 44 is a four-story, wrap-style apartment community featuring a modern swimming pool area with private cabanas and a
PHOENIX, ARIZ. – CBRE has arranged the sale of the 297-unit Class A multifamily community Trillium
Redevelopment plans of parking field include five new pad developments with one pad already sold
Cushman & Wakefield Sells a Three Building Multi-Tenant Flex Office Asset PHOENIX, ARIZ.
Phoenix Registers Strong Demand, Limited Supply and Rising Rents PHOENIX – Aug. 29, 2019