Market Rate Housing - Phoenix
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Tucson Community Trades for $38M
ROC Senior Living acquired Mission Palms from Stoneweg US. The property’s value rose by 46 percent since the last time it traded in 2013.
14 August 2017 14:35 -
ABI Brokers Sale of 2 Phoenix Communities
The company has arranged the disposition of the 51-unit New Horizons Apartments and the 27-unit Country Club Apartments.
11 August 2017 13:31 -
CBRE Arranges Sale of Phoenix Community
Located at 550 W. Maryland Ave., the garden-style townhome community offers large two-bedroom units averaging 1,386 square feet. Amenities include an outdoor kitchen and lounge area, a fitness center and more.
02 August 2017 17:16 -
CBRE Facilitates $33M Sale of Phoenix-Area Community
Rivendell Global Real Estate acquired the 208-unit asset in Mountain Park Ranch, a master-planned community that provides access to an array of Mountain Park Ranch HOA amenities, including tennis courts, swimming pools and parks.
31 July 2017 17:10 -
Security Properties Expands Portfolio With $98M AZ Buy
The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.
26 July 2017 13:20 -
Investcorp Snags Phoenix Community for $50M
The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.
19 July 2017 08:15 -
The Local Breaks Ground in Tempe
Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.
17 July 2017 17:49 -
On the Market: 5 Interesting Listings for the Week of 7/10
This week's listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.
14 July 2017 14:25 -
Phoenix Community Scores $24M Financing
The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.
13 July 2017 11:59 -
CBRE Closes $40M Sale of Phoenix-Area Community
The company represented Baron Properties in the sale of the 240-unit community. The buyer partnership was represented by Mike Dow of Impact Multifamily Advisor.
03 July 2017 13:47 -
On the Market: 5 Interesting Listings for the Week of 6/26
This week's listings include two historic properties in New York: a 1920s-era community on Long Island and a Brooklyn walk-up built in 1910.
30 June 2017 15:07 -
South Phoenix Community Changes Hands for $12M
Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.
23 June 2017 13:49 -
Phoenix Community Sells for $30M
Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.
21 June 2017 18:36 -
CBRE Secures $90M for Phoenix Community
The Capital Markets Debt & Structured Finance team arranged the financing for San Sonoma, a 590-unit property with an average rental rate of $1,373.
31 May 2017 22:02 -
Phoenix Community Changes Hands in $82M Deal
The new owner of Andante Apartments plans interior upgrades, as well as renovations of the clubhouse. The asset has an occupancy rate of 92.5 percent.
29 May 2017 08:42