Multifamily news in Phoenix
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Pennybacker Capital Spends $42M in Phoenix
JLL provided nearly $32 million in acquisition financing for the 302-unit property through Freddie Mac.
13 July 2020 13:57 -
Fairfield Residential Buys 244-Unit Tempe Asset
Completed last year, Jefferson Town Lake is one of only five communities to offer unobstructed views throughout the property of the Tempe Town Lake.
09 July 2020 10:41 -
Watermark Residential Advances Phoenix-Area Project
The 216-unit community in growing Gilbert, Ariz., is slated for completion late next year.
25 June 2020 13:14 -
CBRE Brokers Sale of East Phoenix Community
Jeff Seaman, Brian Smuckler, Derek Smigiel and Bryson Fricke negotiated on behalf of both parties.
22 June 2020 13:16 -
ABI Multifamily Brokers Phoenix Value-Add Sale
Patrick Burch and John Klocek represented both parties in the $4 million deal.
18 June 2020 09:20 -
Top 5 Western Markets for Multifamily Transactions
We’ve identified the top western metros based on investment volume in the first four months of the year, according to Yardi Matrix data.
15 June 2020 20:38 -
KeyBank Secures $25M for Phoenix-Area Affordable Asset
Robbie Lynn and Steve Sparks structured the acquisition and renovation financing for the 127-unit property in Chandler.
12 June 2020 11:06 -
Phoenix Community Changes Hands for $13M
The buyer financed the purchase with a $9.5 million Freddie Mac loan from Prudential Financial.
11 June 2020 20:10 -
Phoenix Portfolio Owners Score $186M Refinancing
JLL arranged the Freddie Mac loans on behalf of a partnership between Wealhouse Capital Management and Western Wealth Capital.
10 June 2020 14:00 -
Greenlight Communities Lands $23M for Phoenix Project
JLL secured the funds for the developer and facilitated a joint venture equity partnership with Bridge Investment Group.
10 June 2020 12:39 -
Optima JV Premieres 2nd Luxury Tower in Scottsdale
Part of the Optima Kierland Center, the community will feature 213 units upon completion in August.
08 June 2020 13:40 -
Western Wealth Acquires Phoenix Community for $21M
As part of the deal, the company assumed a $9.8 million CMBS loan.
26 May 2020 13:10 -
Greenlight Communities Completes 2 Phoenix Attainable Housing Properties
The developer financed the 478 units’ construction with two loans totaling more than $51 million.
22 May 2020 15:10 -
Phoenix Multifamily Report – Spring 2020
Following a strong showing for both rent growth and transactions, the metro has ended the cycle on a high note.
22 May 2020 12:30 -
Hines JV Develops Phoenix Luxury Community
The 325-unit project will be part of a larger mixed-use shopping center developed by Pederson Group.
27 March 2020 14:00