Slideshows - Phoenix
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Investcorp Snags Phoenix Community for $50M
The 582-unit Tuscany Palms in Mesa, Ariz., last traded in 2014, when P.B. Bell paid $29.5 million for its acquisition.
19 July 2017 08:15 -
Phoenix Community Scores $24M Financing
The real estate investment trust arranged the first mortgage financing for the community. Pinnacle at Union Hills was purchased for $48 million using proceeds from an equity offering.
13 July 2017 11:59 -
Phoenix Community Commands $42M
Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.
12 July 2017 08:30 -
Phoenix Community Sells for $30M
Berkadia represented the seller, a subsidiary of Evergreen Development Co., which sold the 152-unit property to Pure US Apartments REIT.
21 June 2017 18:36 -
Pure Snags $48M Phoenix Asset
The 264-unit Pinnacle at Union Hills previously traded in 2014, when TA Associates Realty acquired the Class A asset from JP Morgan Asset Management for $36.3 million.
26 May 2017 18:40 -
Western Wealth Snags Phoenix Community
The company paid $13.4 million to acquire Tierra Santa, a 274-unit property at 4620 W. McDowell Road. ARA Newmark brokered the transaction, which was subject to a $10 million loan originated by Walker and Dunlop.
12 May 2017 18:28 -
Monument Capital Management Nabs Tucson Community
The newly acquired asset will add 272 units to the company’s portfolio. The new owner is planning to implement value-add improvements.
10 May 2017 12:30 -
Portland on the Park Welcomes First Residents in Phoenix
Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.
04 May 2017 12:07 -
SALT Luxury Residences Open in Tempe
SALT, Tempe’s first luxury residential community opened in February 2017. The class A apartment building was developed by OlliverMcMillan in partnership with Ascentris.
07 April 2017 14:24 -
HSL Lands $22M Refi for Phoenix Asset
Hunt Mortgage Group has arranged a 10-year Fannie Mae loan for the 232-unit Desert Sands Apartments in Casa Grande, Ariz.
03 April 2017 16:11 -
Orion Leads $25M Sale of Phoenix Community
The transaction was subject to a $17.3 million, 10-year Freddie Mac loan.
23 March 2017 18:28 -
Berkadia Arranges Sale of Arizona Community
Capital Real Estate LLC paid $16.4 million to acquire the 169-unit property in Tempe, Ariz.
23 March 2017 10:18