Multifamily news in Phoenix
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Embrey to Start Construction on Phoenix Luxury Community
The firm purchased the future site of The Quincy at Kierland, scheduled for completion in 2023.
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Dwight Capital Closes $30M Refi for Phoenix Asset
The recently completed 183-unit community sits west of Agua Fria Freeway.
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MORGAN Unveils Phoenix Luxury Property
Developed in conjunction with Mesirow, the Pearl Biltmore features 19 unique floorplans.
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Top 5 Phoenix Submarkets for Construction Activity
The metro recorded some 27,300 units under construction underway as of February, according to Yardi Matrix data.
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Phoenix Multifamily Report – Winter 2021
Following a brief hiatus brought by the pandemic, the metro's rental market emerged nearly unscathed.
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JV Pays $47M for North Phoenix Apartments
A partnership between RedHill Realty Investors and Shelter Asset Management secured a $28 million Fannie Mae loan for the purchase.
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Phoenix Multifamily on Solid Ground: Q&A
Having been active in the market's multifamily sector for several years, Next Wave Investors’ Principal points out Phoenix’s strengths.
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Suburban Phoenix Community Sells for $43M
Barings originated a seven-year, $30.5 million Freddie Mac loan for the acquisition in Tempe.
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Sunroad Enterprises Sells Phoenix Community for $47M
FirstBank provided a $30.7 million loan for the acquisition of the 163-unit property in Peoria.
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RangeWater Tapped to Manage Scottsdale Property
Cabana Hayden is the latest Cabana-branded multifamily asset in the Phoenix metro area to be developed by Greenlight Communities.
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North Phoenix Community Trades for $24M
The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.
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Investors Capital Group Pays $48M for Phoenix Asset
Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz.
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Toll Brothers, Harrison Street to Build ASU Student Housing
The partnership secured construction financing for an upcoming 826-bed luxury community in Tempe, Ariz.
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MG Properties Pays $145M for Phoenix Community
The 576-unit apartment building last changed hands three years ago for $85 million.
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Berkadia Brokers $60M Phoenix Multifamily Sale
Ric Holway, Mark Forrester and Dan Cheyne closed the deal, while Clay Akiwenzie secured $42 million in acquisition financing.