Multifamily news in Phoenix
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IDM Cos. Lands $49M for Phoenix Development
The developer plans to soon begin work on the 458-unit community within the 1,200-acre Algodon Center.
12 March 2020 16:25 -
Bridge Investment Group Closes $50M Acquisition in Phoenix
The company used a $33.7 million Freddie Mac loan to purchase Country Club Verandas, a 348-unit community in Mesa, Ariz.
03 March 2020 17:57 -
Suburban Phoenix Apartments Sell for $27M
Citibank provided the buyer of the 144-unit Class A multifamily asset with nearly $19 million in acquisition financing.
20 February 2020 14:06 -
NorthRock JV Acquires Phoenix Community for $55M
Berkadia provided the buyer of the 376-unit multifamily asset with a $39 million, 10-year Fannie Mae acquisition loan.
20 February 2020 13:46 -
Bascom Arizona Ventures Buys Phoenix Class A Community
The company paid more than $11 million for the 37-unit asset, with Comerica Bank providing acquisition financing.
18 February 2020 15:08 -
Triumph Properties Closes First Deal in Phoenix
The Beverly Hills-based firm acquired a 308-unit multifamily property on the city's north side.
13 February 2020 15:28 -
Equity Residential Sells Phoenix Community for $31M
The buyer financed the acquisition with a $19.6 million Freddie Mac loan secured by Newmark Knight Frank.
04 February 2020 17:52 -
Sparrow Partners Breaks Ground on Senior Living Project
The 193-unit development will be the first active adult community in Surprise, Ariz.
29 January 2020 17:16 -
Bluerock Purchases Luxury Phoenix Community
The 254-unit upscale property last traded in 2017 for more than $40 million.
29 January 2020 16:51 -
Harbor Group Acquires Arizona Community for $66M
The new owner will invest $418,000 for improvements to the common areas and installing Nest thermostats at the Scottsdale property.
29 January 2020 14:45 -
Phoenix Asset Trades for $58M
PrivatePortfolio Group purchased the newly built Circa Central Avenue with acquisition financing originated by Nationwide Life Insurance Co.
21 January 2020 17:19 -
Sares Regis Expands Arizona Portfolio
The company acquired its latest property in Phoenix as part of its Fund III that targets communities in the West.
15 January 2020 15:59 -
CWS Capital Partners Pays $36M for Phoenix Community
The 160-unit Azure Creek at Tatum Ranch in Cave Creek last traded in 2015 for $23.3 million.
13 January 2020 18:40 -
Recently Built Uptown Phoenix Community Changes Hands for $61M
Weidner Investment Services purchased the building using a $39.7 million acquisition loan from MUFG Bank.
06 January 2020 13:37 -
Wood Partners Opens Phoenix Property
The developer has finished construction of Alta North Center, a 229-unit community located close to downtown.
23 December 2019 16:02