Multifamily news in Phoenix
-
Phoenix Asset Sells for $49M
Knightvest Acquisitions purchased Siena on Baseline Apartments from P.B. Bell Cos. The 352-unit community includes three pools, covered parking and a playground.
25 September 2018 18:00 -
Western Wealth Sells 79 Phoenix-Area Units
Scottsdale Haciendas previously traded in 2014, when the current seller shelled out $9.1 million for the value-add asset located close to McDowell Road.
13 September 2018 13:52 -
3rd Ave Investments Buys Phoenix-Area Asset for $22M
The 276-unit Casa Bellisima is located in Glendale, a submarket with limited inventory but more affordable rents than the urban core.
31 August 2018 17:29 -
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.
22 August 2018 17:00 -
Wood Partners Opens Luxury Property in Phoenix
The newest community to join the company's Alta brand is near multiple employment hubs within the metro and features a high-end amenity package.
01 August 2018 15:06 -
Hunt Mortgage Provides $11M for Phoenix Community
The loan also includes a $1.6 million future funding commitment designated for capital improvements at the 104-unit Regency Park Apartments.
24 July 2018 08:13 -
Sundance Capital Group Buys Phoenix Asset
The 90-unit garden-style community last changed hands in 2016. The new owner intends to bring additional interior and exterior upgrades.
23 July 2018 14:17 -
Western Wealth Bullish on Phoenix, Adds 146 More Units
The Canadian firm has added another asset to its Phoenix portfolio. Connect on Union is situated near Loop 101 and was 95.9 percent occupied as of June 2018.
19 July 2018 11:53 -
Recently Converted AZ Senior Housing Lands $13M Loan
The owner of the 227-unit assisted and independent living facility purchased the asset as an Embassy Suites Hotel and repurposed it in 2016.
16 July 2018 14:33 -
Multifamily Value-Add Trades in Phoenix
A partnership between Thomas Pride International and Ecohouse Real Estate purchased Phoenician Villa Apartments, a seven-building asset comprising 93 units.
13 July 2018 12:33 -
Aukum Group Buys Phoenix Asset for $41M
The Praedium Group sold Adobe Ridge, a 224-unit community in Glendale, Ariz., in a deal facilitated by Institutional Property Advisors.
10 July 2018 17:20 -
Demand Keeps Up With Supply in Phoenix
Healthy employment and demographic trends are boosting multifamily demand in the Valley of the Sun, where rent growth is expected to reach 5.0 percent this year.
03 July 2018 13:54 -
StreetLights Residential Breaks Ground in AZ
The company assumed a $47.9 million loan to develop The Cameron, a 349-unit luxury community in Tempe.
02 July 2018 16:35 -
On the Market: 5 Interesting Listings for the Week of 6/25
This week's listings include an heirloom property near Roxbury Park and Century City in Beverly Hills, a community in the heart of Texas that is primed for Fannie or Freddie green financing, and more.
29 June 2018 13:52 -
Western Wealth Completes 40th Acquisition in Phoenix
The Canadian firm expanded its Arizona portfolio with the acquisition of Sun Wood, a 220-unit age-restricted community in Peoria, Ariz.
27 June 2018 16:17