Slideshows - Phoenix

Final Tower at Optima Sonoran Village Now Complete
In just six months from the opening date, the final tower’s occupancy has already surpassed 77 percent, thanks to the area’s strong multifamily demand.
Slideshow
Optima Kierland: An Oasis in Arizona’s Desert
Optima President David Hovey Jr. presents the pilot project of Phoenix's newly adopted International Green Construction Code. The four-tower development is underway in Scottsdale.
Slideshow
Rincon Partners Buys $22M Community in Phoenix
Previous ownership implemented a thorough renovation program in 2015. The asset traded at almost four times the original purchase price.
Slideshow

  • SCB Designs 1,600-Bed Living/Learning Community

    The mixed-use student housing property serves those attending Arizona State University and offers seven social and study lounges, six academic centers and two maker labs allowing students to work on projects.

    04 May 2018 15:01

  • Housing Trust Group Completes Phase 1 of AZ Luxury Property

    Aviva, in the Phoenix suburb of Mesa, includes 166 units and features a 150-foot resort-style pool, electric car stations and yoga/spin studio. Phase two will be the addition of seven more buildings that will house the remaining 159 units.

    12 April 2018 15:15

  • Tempe Luxury Property Trades for $73M

    Transwestern Development built the 290-unit Vela Apartments in partnership with a private investor. The developer obtained $34 million in construction financing from Bank of the Ozarks.

    13 March 2018 15:11

  • 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.

    16 October 2017 09:34

  • 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.

    14 August 2017 14:35

  • 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.

    26 July 2017 13:20

  • 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.

    21 July 2017 12:49

  • 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

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