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 … [Read more...] about Trillium 44 Apartments Sell for $56 Million
Multifamily
CBRE Arranges Sale of The Edge Apartments for $57.3 Million
Phoenix, Ariz. – CBRE has arranged the sale of the 380-unit multifamily community The Edge on behalf of Baron Properties to Tides Equities LLC for $57.3 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented … [Read more...] about CBRE Arranges Sale of The Edge Apartments for $57.3 Million
Remington Ranch Sells for $58.5 Million in the West Valley
Phoenix, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Remington Ranch, a 304-unit multifamily asset in the Phoenix metro area. The asset sold for $58.5 million, or $192,434 per unit. “Remington Ranch combines great … [Read more...] about Remington Ranch Sells for $58.5 Million in the West Valley
Newmark Knight Frank Multifamily Brokers $24.5 Million, Value-Add Asset
PHOENIX, ARIZ. — Newmark Knight Frank (NKF) Multifamily announces the $24.5 million sale of Greenway Springs Apartments, a 240-unit, value-add property located at 15620 North 25thAvenue in Phoenix. Executive Managing Director Brad Goff, Senior Managing Director Brett Polachek and Director Chris … [Read more...] about Newmark Knight Frank Multifamily Brokers $24.5 Million, Value-Add Asset
Thayer Manca Residential confidently re-enters Tucson, AZ market
SEATTLE, WA – Thayer Manca Residential (TMR), a multifamily investment firm based in Seattle, made their first purchase since 2000 in the Tucson, Arizona market. TMR purchased the 368 unit, Palm Canyon Apartments for $40,300,000. Palm Canyon Apartments is a garden style apartment community … [Read more...] about Thayer Manca Residential confidently re-enters Tucson, AZ market
Strong Apartment Performance and Low Interest Rates Draw Buyers to Phoenix
Apartment Construction Falls Short of Residential Demand; Average Effective Rent Skyrockets Economic growth underpins strong apartment absorption. Corporate expansions continue to drive in-migration as companies and job seekers seek refuge from the high costs found in other major metros. … [Read more...] about Strong Apartment Performance and Low Interest Rates Draw Buyers to Phoenix
$71.75 Million Buys Award-Winning Suburban Phoenix Multifamily Asset
CHANDLER, ARIZ., Aug. 14, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Alta San Marcos, a 273-unit suburban phoenix apartment complex in Chandler, Arizona. The property sold for $71.75 million, or $262,821 per unit. … [Read more...] about $71.75 Million Buys Award-Winning Suburban Phoenix Multifamily Asset
Berkadia Negotiates $13.5M Two-Property Multifamily Sale
SCOTTSDALE, ARIZ. – August 13, 2019 – Berkadia announced today the sale of Scottsdale 5th Avenue, a 59-unit, garden-style multifamily property in Scottsdale, Arizona as well as Oak Tree, a 76-unit, garden-style community in Phoenix, Arizona. Ric Holway and Mark Forrester, Senior Managing Directors, … [Read more...] about Berkadia Negotiates $13.5M Two-Property Multifamily Sale
Marcus & Millichap Arranges the Sale of Verde Vista, a 181-Unit Apartment Complex in Phoenix, AZ
PHOENIX, ARIZ. – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Verde Vista, a 181-unit apartment complex located in Phoenix, Arizona. According to Ryan Sarbinoff, regional … [Read more...] about Marcus & Millichap Arranges the Sale of Verde Vista, a 181-Unit Apartment Complex in Phoenix, AZ
Majestic Palms sells to seasoned buyer for $1.9M in Phoenix
PHOENIX, ARIZ. – Multifamily advisor, Danny Lee has been a long-time sales investment advisor to sellers and buyers here in the valley. His most recent sale located on 32nd st. just south of Thomas Rd. comes in with a sale price of $1.94M. The property is just north of the 202 Red Mountain Fwy … [Read more...] about Majestic Palms sells to seasoned buyer for $1.9M in Phoenix
