Multifamily news in Phoenix
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Suburban Phoenix Community Receives $17M
HFF represented the partnership between Western Wealth Capital and an MDC Realty Advisors USA Inc.-managed fund. CIT Bank provided the five-year loan.
11 June 2018 12:27 -
On the Market: 5 Interesting Listings for the Week of 6/4
This week's listings include an upscale community six miles from the Las Vegas Strip, a privately owned property in Phoenix's growing South Mountain Village area, and more.
08 June 2018 17:01 -
Dalan, VM Management Buy 138-Unit Phoenix Asset
The previous owner acquired the property in 2015 for $10.7 million and renovated it extensively before placing it back on the market.
07 June 2018 16:26 -
TruAmerica, Oaktree Snag $142M Portfolio
The joint venture acquired the 424-unit Galleria Palms in Tempe, Ariz., and the 456-unit Aviata in Las Vegas.
31 May 2018 15:43 -
ABI Brokers $5M Sale in Phoenix
The community underwent an exterior renovation in 2015 when it was acquired by the seller. The current owner has the opportunity to increase value by implementing interior upgrades.
29 May 2018 14:16 -
PCS Development Completes AZ Community
The Premiere at Dana Park in Mesa includes 198 units and a Crossfit studio, a putting green and self-service mail kiosks.
24 May 2018 18:49 -
Security Properties Nabs $59M Phoenix Community
The company plans to upgrade Pavilions on Central, which includes 254 units and a spa, a fitness center and 400 parking spots.
24 May 2018 10:01 -
Canadian Investor Buys $46M Phoenix-Area Asset
The 360-unit community in Chandler last traded more than a decade ago, when PEM Real Estate acquired it as part of a portfolio deal.
23 May 2018 07:10 -
Goldman Sachs Buys AZ Luxury Property
The 341-unit Hanover Mill Avenue was purchased from The Hanover Co. and is situated three blocks from Arizona State University, within walking distance of the Metro Light Rail.
10 May 2018 17:09 -
Baron Properties, Buchanan Street Sell $44M Phoenix Community
Vue Park West, which the joint venture acquired in 2014 for $30 million, is situated within the 250,000-square-foot Park West mixed-use development.
04 May 2018 17:03 -
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
04 May 2018 16:42 -
On the Market: 5 Interesting Listings for the Week of 4/30
This week's listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
04 May 2018 15:39 -
SCB Designs 1,600-Bed Living/Learning Community
The mixed-use student housing property serves those attending Arizona State University and offers seven social and study lounges, six academic centers and two maker labs allowing students to work on projects.
04 May 2018 15:01 -
ARA Newmark Hires Brokerage Expert
With almost 20 years of industry experience, Brett Polachek will be responsible for originating and managing multifamily investment sales across Arizona.
04 May 2018 08:40 -
Olympus Property Launches 8th Fund
The firm added 869 units to its portfolio with the purchase of Olympus Steelyard in Chandler, Ariz.; Sundance Creek in Midland, Texas; and Sedona Ranch in Odessa, Texas.
03 May 2018 15:23