Phoenix
Western Wealth Capital Grabs AZ Property
Country Gables is a 139-unit community in Glendale and is the company’s 35th multifamily acquisition in the Greater Phoenix area.
Phoenix Asset Changes Hands for $40M
Mountain Park is located in Ahwatukee Foothills, offering residents job opportunities along the West Chandler employment corridor.
Lee & Associates Closes $7M Sale in Phoenix
Two apartment communities located in northern Phoenix traded among private investors. The properties comprise 44 units.
Phoenix Condo Project Site Trades for $1.6M
ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.
Lee & Associates Brokers $21M Phoenix Transaction
Biltmore Pointe Apartments includes 101 units and was built in two phases in 1959 and 1972. The new owner intends to add value to the investment through a substantial renovation.
MORGAN Enters Phoenix Market with Luxury Asset
The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.
CDP Opens Affordable Phoenix Suburb Community
El Rancho del Sol features 47 units and complements the adjacent El Rancho del Arte, a 66-unit property in Mesa, Ariz.
Baron Properties Buys Phoenix Community for $20M
Since acquiring Capella Place in 2012 for less than half the price, Gelt has made several improvements, adding value to the 150-unit property.
JV Invests $148M in 2 Luxury AZ Assets
Bascom Arizona Ventures and Pacific Life Insurance Co. acquired Legend at Kierland and Tradition at Kierland, totaling 724 units. Quadrant Real Estate Advisors provided debt financing arranged by CBRE.
Work Underway on CA Ventures’ Phoenix Community
The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.