News - Phoenix

  • 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
  • ABI Multifamily Brokers $2M Sale in Phoenix

    Pierson Palms Apartments traded hands between private investors from California and Arizona. ABI Multifamily represented both parties in the $2.22 million transaction.

    15 September 2017 15:23
  • Hines Completes Entitlement Phase of AZ Project

    Hines completed the entitlement phase of Asteria Highlands in North Scottsdale, the company's first Arizona single-family residential project. Construction will start in 2018.

    15 September 2017 15:20
  • Roxborough Acquires First Phoenix Community

    The 168-unit property is located in the Paradise Valley submarket, adjacent to the Paradise Valley Mall. The company tapped Alliance Residential Co. as a third-party manager.

    14 September 2017 13:20
  • 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
  • Wendy Forsythe to Join HomeSmart as COO

    The real estate veteran used to serve as president of the brokerage division of T3 Sixty, one of the largest management consulting companies in the residential real estate industry.

    05 September 2017 14:03
  • JV Scores 2 AZ Properties

    Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.

    29 August 2017 17:22
  • Rainbow Tapped for Phoenix Affordable Community

    The company will offer the residents of La Palmilla Apartments free on-site programs once the current owner, Reliant Group Management, completes renovations in mid-2018.

    18 August 2017 14:00
  • 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
  • PB Bell, Gilbane Start Work on Phoenix Project

    The joint venture broke ground on resort-style apartments in the Ocotillo master-planned community in Chandler, Ariz. Arista at Ocotillo will feature 211 units and reflects the Santa Barbara style of design.

    09 August 2017 08:50