Phoenix
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.