Phoenix
TODAY’S DEALS: Evidence of a Maturing Condo Market in Phoenix
Transit-oriented condos come to Phoenix, and a California investor finds value in Kansas City.
Phoenix’s Skyline and the Flight to Quality
JLL has made a habit out of releasing yearly skyline reports and each year they offered details on how the nation’s skyscrapers were doing in terms such as vacancy, asking rates and net absorption. However, in 2015, the firm has outdone itself by not only releasing the report digitally, but also releasing it in an eye-catching format.
TODAY’S DEALS: Olympus Snaps Up ‘Rare’ Phoenix Opportunity
An investor buys next to Arizona’s “best kept secret,” and CityView completes a hat-trick of L.A. sales. Also, Hamilton Point acquires a property at well-below replacement cost.
HSL Acquires Arizona’s Tallest Residential Tower
HSL 44 Monroe got its hands on a controlling interest in Arizona’s tallest luxury residential tower through a $50.65 million purchase.
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.