Phoenix
TODAY’S DEALS: MG Properties Sees Growth Potential in Phoenix
MG Properties Group nabs 270 luxury units; an L.A. student housing assets trades hands for $8.9 million; and NorthMarq Capital finalizes a $14 million Freddie Mac refinance for a client.
TODAY’S DEALS: Bruckal Buys 436 Units in Phoenix
Colliers brokers the sale of a Class B asset in Phoenix; Berkshire Group acquires a Class A apartment community near Boston; and Berkadia secures $20.3 million for a property in Austin.
Phoenix Apartment Market Podcast
Pierce Eislen’s Ron Brock Sr. and MHN’s research editor Jack Kern discuss Phoenix apartment market fundamentals in this edition of our market research podcast.
Crescent to Build Scottsdale Quarter’s First Multifamily Project
Glimcher Realty Trust, a retail REIT, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.
Butte Cos. Plans $35M Luxury Apartment Complex in Chandler
By Alex Girda, Associate Editor Phoenix’s climate and attractive lifestyle is motivating developers to grow the local inventory of luxury multifamily properties. A recent case in point: the $35 million development in Chandler planned by Scottsdale-based Butte Cos. The proposed 222-unit project would rise on a 10-acre parcel on McClintock Drive, just north of Chandler […]
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