News - Phoenix

  • 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
  • CDP Opens Affordable Phoenix Suburb Community

    El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.

    08 November 2017 13:10
  • Baron Properties Buys Phoenix Community for $20M

    Since acquiring Capella Place in 2012 for less than half the price, Gelt has made several improvements, adding value to the 150-unit property.

    06 November 2017 17:28
  • 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
  • Work Underway on CA Ventures’ Phoenix Community

    The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.

    27 October 2017 14:32
  • 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
  • 2 Phoenix Assets Trade Hands for $7M

    CBRE brokered separate deals for The Markley in east Phoenix, which includes 27 units, and Twin Palms near downtown Phoenix, which includes 20 units.

    24 October 2017 15:23
  • 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
  • PB Bell Begins Construction on AZ Senior Housing

    In partnership with Cadence Senior Living, the company is developing Inspira Arrowhead, a 165-unit senior housing community in Glendale, Ariz., that will feature both independent living and memory care apartments.

    18 October 2017 15:48
  • Top 10 Phoenix Apartment Owners

    The area's population and employment growth have strengthened demand, but supply is keeping up as it remains at an apartment occupancy high. The market’s robust performance also spurred new waves of investment across the metro.

    17 October 2017 10:07
  • 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
  • Citymark Acquires 274-Unit Phoenix Asset

    West Town Court is located near numerous employers, retail establishments and entertainment centers. Built in 2009, the community comprises one-, two- and three-bedroom residences.

    10 October 2017 10:58
  • Priderock Makes Record Buy in Phoenix

    The company purchased the 832-unit Heritage at Deer Valley for $125.5 million, the highest price ever paid in Phoenix for a single community.

    04 October 2017 15:38
  • Phoenix: Maintaining Momentum in the Desert

    The metro is outpacing the country in job creation and population growth, drawing multifamily developers and investors looking for opportunities in second-tier markets.

    02 October 2017 13:21
  • Investcorp Procures $350M Portfolio

    Consistent with the company's strategy of investing in the South and Southwest, the six properties are located in Phoenix, Orlando and Jacksonville, Fla., and offer a combined 2,800 units.

    28 September 2017 18:25