Phoenix
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.
New Phoenix Community Changes Hands for $59M
The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.
2 Phoenix Assets Trade Hands for $7M
CBRE brokered separate deals for The Markley in east Phoenix, which includes 27 units, and Twin Palms near downtown Phoenix, which includes 20 units.
HTG Debuts Luxury AZ Community
Aviva, located in the Phoenix suburb of Mesa, Ariz., will feature 325 one-, two- and three-bedroom units. The $63 million project will welcome its first residents in January 2018, and Mark-Taylor will handle leasing.
PB Bell Begins Construction on AZ Senior Housing
In partnership with Cadence Senior Living, the company is developing Inspira Arrowhead, a 165-unit senior housing community in Glendale, Ariz., that will feature both independent living and memory care apartments.
Top 10 Phoenix Apartment Owners
The area’s population and employment growth have strengthened demand, while supply has maintained the apartment market at high occupancy levels. The market’s robust performance also spurred new waves of investment across the metro.
Phoenix Luxury Condo Tower Approaches Full Occupancy
Optima Kierland will welcome its first residents in 2018. The upscale community is situated at the intersection of Scottsdale Road and Kierland Boulevard. Home prices start from $300,000.