Tower 16 Capital Partners acquires a 160-unit multifamily property in Phoenix for $30.4 million
San Diego-based Tower 16 Capital Partners has acquired Park 67 Apartments, a 160-unit multifamily property located in Glendale, Ariz., for $30.4 million. The Park 67 Apartments project was built in 1973 and was acquired...
32 Arcadia, 104-unit multifamily community in Phoenix, Ariz., sells for $14.8 million
32 Arcadia, a 104-unit multifamily community, located at 3211 E. Pinchot Avenue in Phoenix, Arizona, has sold for $14,800,000. The buyer was Cowabunga Two, LLC, a private capital family office that focuses on acquiring...
Oak Coast Properties announces $163 million disposition of Pembrooke on the Green Apartments
Oak Coast Properties announced the $163 million disposition of the Pembrooke on the Green Apartments in Denver, Colorado. The transaction is one of the largest apartment community sales in Denver by value in 2020. Oak...
Western Retail Advisors Closes San Tan Valley Land Sale for Planned Apartments
Phoenix-based retail brokerage specialist Western Retail Advisors has announced the completion of a 20.45-acre, $14,433,000 land acquisition in San Tan Valley, Arizona, purchased for the development of a 318-unit apartment project.
Jake McClaughry and Brian...
Institutional Property Advisors negotiates Greater Phoenix multifamily property sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Mountain Park, a 240-unit multifamily asset in the Ahwatukee Foothills Village of Phoenix, Arizona.
“Ahwatukee Foothills Village demonstrates attractive demographics and...
CPP Acquires Third Affordable Housing Property Elmore Roberts Apartments in Great Falls Montana
CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer, has announced the acquisition and planned renovation of Elmore Roberts Apartments in Great Falls, Montana.
This is CPP's third project in Great Falls, following its acquisition...
The Wolff Company announces plans to develop new senior living community in Torrance
The Wolff Company, a Scottsdale-based private equity firm and senior living developer, will break ground later this year on Revel South Bay, a new independent living apartment community adjacent to Manhattan, Redondo, Torrance and...
Thayer Manca Residential adds Tucson property to growing Arizona portfolio
Thayer Manca Residential (TMR) has purchased their newest multifamily property in Tucson, Ariz. TMR purchased Desert Shadows, a 338-unit property for $69,300,000.
Desert Shadows is the third property in TMR’s growing Tucson portfolio. TMR acquired...
Institutional Property Advisors brokers sale of new luxury multifamily asset in Greater Phoenix for...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Maxwell on 66th, a new, luxury 349-unit garden-style apartment property in the North Scottsdale Corridor of Phoenix, Arizona. The property...
Institutional Property Advisors brokers $84 million attainable housing asset sale in suburban Southeast Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Power, a newly built, 244-unit multifamily asset in Mesa, Arizona. The $84 million sales price represents $344,262 per unit.
“The...
Trophy multihousing property near Phoenix refinanced with $36.35 million loan
JLL Capital Markets announced that it has arranged a $36.35 million refinancing for The Premiere at Eastmark, an apartment community in Mesa, Arizona.
JLL worked on behalf of the borrower, Los Angeles-Seaview Capital, to originate...
Joint venture between PCCP, LLC and Trion Properties acquires Loft 9 Apartments, a 418-unit...
A joint venture of PCCP, LLC and Trion Properties announced the acquisition of Loft 9 Apartments, a 418-unit low-rise apartment community located at 11100 E Dartmouth Avenue in Denver, CO.
Built in phases between 1975...
ABI Multifamily brokers 21-unit South Scottsdale multifamily apartment community for $7 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,000,000 / $333,333 Per Unit / $338.16 Per SF sale of Bella Villas Apartments, a...
Institutional Property Advisors closes boutique East Valley build-to-rent multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dolce Villagio Lofts, a 37-unit multifamily asset in Tempe, Arizona. The $21.25 million sales price equates to $574,324 per unit.
“Dolce...
Parkview Financial provides $26 million construction loan for 8-story, 115-unit apartment project in downtown...
Parkview Financial announced it has provided a $26 million construction loan to CRE Development Investments for the development of Art District Lofts located at 1275 Santa Fe Drive in Denver, CO. The entitled eight-story...
