Finance & Investment - Phoenix
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Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
19 July 2018 11:53 -
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.
16 July 2018 14:33 -
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
13 July 2018 12:33 -
Aukum Group Buys Phoenix Asset for $41M
The Praedium Group sold Adobe Ridge, a 224-unit community in Glendale, Ariz., in a deal facilitated by Institutional Property Advisors.
10 July 2018 17:20 -
Sterling Real Estate Expands Value-Add Portfolio with Phoenix Asset
Cambridge Court Apartments is a 286-unit community that traded for $24 million. The company plans to invest in improvements.
26 June 2018 06:41 -
CBRE Brokers $42M AZ Sale
Sonoma Ridge encompasses 240 units. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch from CBRE’s Phoenix office represented the seller in the transaction.
22 June 2018 17:24 -
Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
11 June 2018 12:27 -
TruAmerica, Oaktree Snag $142M Portfolio
The joint venture acquired the 424-unit Galleria Palms in Tempe, Ariz., and the 456-unit Aviata in Las Vegas.
31 May 2018 15:43 -
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
24 May 2018 18:49 -
Goldman Sachs Buys AZ Luxury Property
The 341-unit Hanover Mill Avenue was purchased from The Hanover Co. and is situated three blocks from Arizona State University, within walking distance of the Metro Light Rail.
10 May 2018 17:09 -
NorthMarq Capital Arranges $14M Refi for Phoenix Luxury Property
Union at Roosevelt, an 80-unit luxury community just north of the city’s downtown, was completed in 2017 and reached full occupancy in March.
30 April 2018 17:19 -
JV Scores ’80s-Vintage Phoenix Apartments for $27M
L5 Investments, MLA Properties and BH Equities picked up the 360-unit Cielo Apartments and plan to invest $4.2 million in capital improvements.
27 April 2018 14:10 -
AZ Senior Community Receives $17M Freddie Mac Refi
Built in 2016, the Phoenix-area American Orchards community offers 38 assisted living and 35 memory care units in two separate buildings.
19 April 2018 14:35 -
Rohcs Management Completes First Phoenix Buy
The California-based company made its first acquisition in Glendale, Ariz., aiming to capitalize on the Phoenix MSA's growing workforce housing demand.
13 April 2018 12:23 -
ABI Multifamily Brokers Sale of 110-Unit AZ Asset
A partnership between MJW Investments and Tide Equities plans to rebrand the recently renovated Tempe property, which comprises a total of 97,890 rentable square feet.
05 April 2018 18:17