Tudor is a senior real estate writer at Yardi, having also worked for Commercial Property Executive and Multi-Housing News. He currently writes about a wide range of topics, backed by nearly a decade of experience in covering the U.S. real estate sector.
Baron Properties, Buchanan Street Sell $44M Phoenix Community
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
DIJ Properties Enters Arizona Market
The company plans to implement a large renovation program for the 1987-built community to unlock value for investors and improve the residents’ living conditions.
On the Market: 5 Interesting Listings for the Week of 4/30
This week’s listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
Drucker + Falk Manages $1M Renovation in Newport News, VA
Already finished renovations include a new clubhouse, overhauled swimming pool and new features to the outdoor areas. In-unit upgrades are currently underway.
IPA Facilitates $65M Phoenix-Area Transaction
Eaton Vance Investment Managers purchased the 303-unit Chandler property, which includes a volleyball court, two swimming pools and 458 parking spaces.
Tucson Value-Add Asset Changes Hands
Skyline Park Apartments is situated in a market which is experiencing a surge of value-add investments, largely due to limited new supply and continued population growth.
JPI Continues Dallas Investment
The company broke ground on a 409-unit luxury community, which will comprise approximately 300,000 square feet of office space and 22,000 square feet of retail.
Downtown Phoenix’s 2nd Tallest Residential Tower Underway
Parallel Capital Partners sold a one-acre parcel within Arizona Center to North American Development Group. The company intends to build there a $100 million, 30-story tower.
On the Market: 5 Interesting Listings for the Week of 4/16
This week’s listings include a new community in West Seattle, duplexes in Denton, Texas, and 188 units in Phoenix’s busy Camelback corridor.