Luxury Housing - Phoenix

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.
Luxury
Olympus Property Launches 8th Fund
The firm added 869 units to its portfolio with the purchase of Olympus Steelyard in Chandler, Ariz.; Sundance Creek in Midland, Texas; and Sedona Ranch in Odessa, Texas.
Luxury
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.
Luxury

  • 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.

    20 April 2018 10:46

  • Housing Trust Group Completes Phase 1 of AZ Luxury Property

    Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.

    12 April 2018 15:15

  • On the Market: 5 Interesting Listings for the Week of 4/2

    This week's listings include a historic luxury community in Iowa and a property near Lake Michigan's southernmost point.

    06 April 2018 14:26

  • Tempe Luxury Property Trades for $73M

    Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.

    13 March 2018 15:11

  • Phoenix Condo Project Site Trades for $1.6M

    ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.

    14 November 2017 16:31

  • MORGAN Enters Phoenix Market with Luxury Asset

    The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.

    08 November 2017 18:06

  • JV Invests $148M in 2 Luxury AZ Assets

    Bascom Arizona Ventures and Pacific Life Insurance Co. acquired Legend at Kierland and Tradition at Kierland, totaling 724 units. Quadrant Real Estate Advisors provided debt financing arranged by CBRE.

    02 November 2017 15:38

  • New Phoenix Community Changes Hands for $59M

    The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.

    27 October 2017 09:23

  • HTG Debuts Luxury AZ Community

    Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing.

    19 October 2017 15:58

  • Phoenix Luxury Condo Tower Approaches Full Occupancy

    Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.

    16 October 2017 09:34

  • Johnston Properties Adds New Development in Phoenix

    The owner of Agritopia and Barnone, two developments in Gilbert, Ariz., entered a joint venture with IPA/Liv Communities to develop its third community in the area. The project is slated to break ground this fall.

    14 September 2017 08:25

  • HFF Secures $15M Loan for Phoenix Property

    Park 28 is a 152-unit luxury community. Pure Multi-Family REIT purchased the community in June for a price tag of almost $30 million.

    21 July 2017 12:49

  • Phoenix Community Commands $42M

    Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.

    12 July 2017 08:30

  • Optima Tops Out on Scottsdale Luxury Condo Tower

    Move-ins for first residents at 7120 Optima Kierland are scheduled for early 2018, while all residences are expected to be completed in August 2018.

    29 May 2017 13:17

  • Pure Snags $48M Phoenix Asset

    The 264-unit Pinnacle at Union Hills previously traded in 2014, when TA Associates Realty acquired the Class A asset from JP Morgan Asset Management for $36.3 million.

    26 May 2017 18:40