News - Phoenix

  • Phoenix Community Sells for $15M

    Weidner Apartment Homes sold the Murano Apartment Homes, located in the Arcadia neighborhood of Phoenix. Berkadia represented the firm in the transaction.

    14 March 2018 16:07
  • 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
  • On the Market: 5 Interesting Listings for the Week of 3/5

    This week's multifamily listings include a portfolio in Denver's Glendale market and newly converted condominiums in Scottsdale, Ariz.

    09 March 2018 18:29
  • Western Wealth Completes $6M Divestment in Phoenix

    The Canadian company initially bought a stake in the community in 2015, with the current transaction representing a 32 percent price increase compared to the original acquisition.

    08 March 2018 17:33
  • Riding the Tech Wave in Phoenix

    Multifamily development is not slowing down across the metro, as population growth and a thriving job market continue to fuel apartment demand.

    27 February 2018 14:52
  • Hunt Mortgage Provides $31M for Phoenix Property

    KB Development’s Mountain Park Apartments is a garden-style community with 240 units and offers access to the recreational facilities at the nearby Mountain Park Ranch Home Owners Association.

    23 February 2018 16:06
  • On the Market: 5 Interesting Listings for the Week of 2/19

    This week's listings include two recently constructed properties in Florida and a condominium offering in Vineland, N.J., which has seen historically high occupancy rates since its delivery.

    23 February 2018 14:53
  • Phoenix Asset Commands $90M

    Western Wealth Capital has acquired Carlyle at South Mountain, a 360-unit and 192-townhome asset. The transaction represents the company’s largest deal to date.

    20 February 2018 14:57
  • JV Acquires $200M AZ Development

    Optima and Principal Real Estate Investors have procured phases I and II of Optima Sonoran Village Scottsdale. The partnership plans to develop phase III, which will feature a seven-story tower offering 176 apartment homes.

    19 February 2018 16:37
  • Walker & Dunlop Procures $50M Loan for Phoenix Asset

    The company utilized Freddie Mac’s Mod-Rehab Program, which features three years of interest-only payments at a floating rate. Almost $10 million has been allocated for improvements.

    14 February 2018 17:38
  • WWC Completes Phoenix-Area Acquisition

    The $17 million transaction represents the company's 39th acquisition. The company invested more than $210 million in multifamily assets last year.

    13 February 2018 16:10
  • Tempe Community Trades for $7M

    ABI Multifamily has brokered the sale of the 56-unit Arizona asset. The transaction was subject to a $4.5 million, 10-year loan provided by Opus Bank.

    12 February 2018 16:50
  • Umbrella Properties Snags $53M Phoenix Community

    CBRE Multifamily Institutional Properties represented the seller, PrivatePortfolio Group, in its disposition of the 328-unit Aldea at Estrella Falls in Goodyear, Ariz.

    12 February 2018 15:43
  • On the Market: 5 Interesting Listings for the Week of 2/5

    This week's listings include a five-property LIHTC portfolio across the Baltimore and Washington, D.C., metros; a new community in Oregon; and a recently renovated property in Riverview, Fla.

    09 February 2018 15:43
  • MIG Real Estate Buys Phoenix Community for $22M

    Western Wealth Capital's investors obtained an annualized return of more than 30 percent for the 216-unit Trails at Harris. The transaction represents the Canadian company's 11th successful divestment to date.

    07 February 2018 17:36