Commercial Real Estate

Sales Transactions 1. CBRE announced the sale of The CORE, a newly built Class A, 282-unit multifamily complex at 15333 N. Hayden Rd in Scottsdale for $80.4M. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE represented the seller, Sunrise Luxury Living. The buyer was not announced. 2. Goodman Real Estate recently purchased […]

Sales Transactions 1. Tides Equities recently purchased the Modern on the Rail, a 488-unit garden-style multifamily property at 1905 W. Las Palmaritas Drive, Phoenix, for $39.75M. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office secured the sale on behalf of the seller, Modern Residential Company. 2. […]

Sales Transactions 1. Continental Realty Advisors (CRA) has completed the sale of Courtney Village Apartments, a multifamily property in Phoenix, for $62.2M. Additional terms of the transaction were not released. 2. Trammell Crow Company purchased an 8.24-acre site at the SWC of Raintree Dr and 87th St in Scottsdale for $11.5M. Barry Gabel, Chris Marchildon, […]

Sales Transactions 1. Investcorp has acquired an eight-building industrial portfolio spread across the U.S. for $170M. The properties house a total of 1.4MSF of space and are currently 100 percent leased. The firm did not disclose a seller in the deal. The properties are single-tenant distribution buildings located in eight major U.S. markets—Chicago, Phoenix, St. […]

Sales Transactions 1. BH Properties bought the Honeywell International research and development property at 19019 N 59th Ave, Glendale, for $26.5M from Lexington Realty Trust. Mindy Korth and Kirk Kuller of Colliers International brokered the sale. 2. Marcus & Millichap’s Douglas R. Fielding represented the seller in the $12M sale of The Pavilions at San […]

Sales Transactions 1. Bridge Investment Group has purchased the Verona Park apartment community at 1666 S. Extension Rd. in Mesa for $43.75M. Cindy Cooke and Brad Cooke of Colliers International of Arizona represented the seller, Millburn Company, and Bridge Investment Group was self-represented. 2. Microsoft Corp. has paid $37M for another 147 acres of land […]

Sales Transactions 1. Millenium Management recently purchased the 590-unit San Sonoma apartment complex at 9101 S. Priest Dr., Tempe, for $71.3M. The seller was Kitchell Development. 2. Blackstone Group recently purchased the 333-unit Elevation on Plaza Del Rio apartment complex at 13310 N. Plaza Del Rio Blvd., Peoria, for $69.9M. The sellers were Vedura Residential […]

Sales Transactions 1. AllianceBernstein shelled out $211M for a 12-property, 2,182-unit portfolio of apartments. The seller was Western Wealth Capital. The portfolio consists of: Edgewater – 102 S. 4th Ave, Avondale: $21.75M Sandal Ridge – 645 N. Country Club Dr. Mesa: $19.9M Terrace Park – 8130 W. Indian School Rd, Phoenix: $20.1M Brookside – 6131 […]

Sales Transactions 1. Institutional Property Advisors (IPA), a division of Marcus & Millichap announced the $52M sale of Alta Midtown, a 225-unit apartment complex in Midtown Phoenix. Steve Gebing and Cliff David of IPA represented the seller, Wood Partners, and procured the buyer, FSC Realty. 2. Maravilla Apartments, a 225-unit multifamily community at 13621 W. […]

Sales Transactions 1. Cushman & Wakefield’s Executive Managing Directors, David Fogler and Steven Nicoluzakis represented Alliance Residential Company in the sale of Broadstone Roosevelt Row, 330 E. Roosevelt St., Phoenix. Roosevelt Row Apartments LLC – an entity formed by Weidner Investment Services, Inc. – purchased the property for $84.2M. 2. ABI Multifamily has announced the […]