Multifamily news in Phoenix

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.
Market Rate
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.
Development
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.
Market Rate

  • 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

  • CBRE Arranges Sale of Phoenix Community

    Located at 550 W. Maryland Ave., the garden-style townhome community offers large two-bedroom units averaging 1,386 square feet. Amenities include an outdoor kitchen and lounge area, a fitness center and more.

    02 August 2017 17:16

  • CBRE Facilitates $33M Sale of Phoenix-Area Community

    Rivendell Global Real Estate acquired the 208-unit asset in Mountain Park Ranch, a master-planned community that provides access to an array of Mountain Park Ranch HOA amenities, including tennis courts, swimming pools and parks.

    31 July 2017 17:10

  • Security Properties Expands Portfolio With $98M AZ Buy

    The firm acquired three apartment communities totaling 1,276 units in Mesa, Glendale and Phoenix. Starwood Capital Group, the seller, bought the assets in 2012.

    26 July 2017 13:20

  • Clayton Nash Takes Over Phoenix Firm

    Through the absorption of Uptown Realty, the company will transfer all agents as well as its office location in the Atlanta Biltmore. The company also revealed plans to hire up to 1,200 agents and add several more branch locations this year.

    25 July 2017 18:55

  • HFF Secures $15M Loan for Phoenix Property

    Park 28 is a 152-unit luxury community. Pure Multi-Family REIT purchased the community in June for a price tag of almost $30 million.

    21 July 2017 12:49

  • Investcorp Snags Phoenix Community for $50M

    The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.

    19 July 2017 08:15

  • The Local Breaks Ground in Tempe

    Forum Real Estate Group is developing a mixed-use project that will include a nine-story apartment community with 286 units and a ground-floor Whole Foods Market 365 store.

    17 July 2017 17:49

  • On the Market: 5 Interesting Listings for the Week of 7/10

    This week's listings include a 1930s-era asset in Los Angeles and a three-unit brownstone on a tree-lined block in Jersey City, N.J.

    14 July 2017 14:25