Phoenix
KeyBank Arranges $63M for Multifamily Portfolio
The properties include Cambrian in Aurora, Colo.; Ascott Place in Tampa; and The Cascades in Phoenix. The loans were secured through Fannie Mae.
On the Market: 5 Interesting Listings for the Week of 10/15
This week’s listings include a student housing investment opportunity in Boca Raton, an affordable community in Tampa, and more.
Affordable Phoenix-Area Community Trades for $16M
Johnathan Smith, Brian Smuckler and Jeff Seaman of CBRE facilitated the sale of the 152-unit property in Peoria, Ariz., to a local investor.
Inland Empire Builders Sells Phoenix Asset for $52M
Capital Foresight is the new owner of Avante Apartment Homes, a 428-unit community located near the city’s downtown area.
Optima Breaks Ground on Luxury Community in AZ
The company has broken ground on phase II of Optima Kierland Center in Scottsdale, which will include 202 units. The project is slated for completion in 2020.
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.
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.
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.
Priderock Acquires $154M AZ Portfolio
IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa.
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.