Midtown Phoenix multifamily asset sold by Institutional Property Advisors for $78.5 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by...
Marcus & Millichap hires Justin Forman as regional manager in Las Vegas
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that Justin Forman has accepted the position of regional manager of the firm’s Las...
Waterton acquires 456-unit Vegas Towers apartment building in supply-constrained Las Vegas rental market
Waterton, a national real estate investor and operator, today announced it has acquired Vegas Towers at 1061 E. Flamingo Rd., less than two miles east of the Las Vegas Strip and adjacent to the...
Pillar Communities acquires multifamily development for $57.5 million
Hunt Companies, Inc., Tilton Development Company, Civitas Capital Group and Ryan Companies US, Inc., announce the sale of Circa Central Avenue, a multifamily development in downtown Phoenix. Private Portfolio Group, LLC, purchased the six-story...
Pathfinder Partners acquires value-add multifamily community in Phoenix submarket
Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, has announced the $8.4 million acquisition of Park Paloma—a 60-unit apartment community just south of the Lower Arcadia neighborhood at 2930 North...
Marcus & Millichap sells Phoenix multifamily asset for $21 million
Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Revival on Thomas, a 155-unit apartment complex in Phoenix. The...
Tower 16 Capital Partners sells Altura on Tropicana Apartments in Las Vegas, Nevada
San Diego-based Tower 16 Capital Partners has successfully sold Altura on Tropicana, a 512-unit multifamily project in Las Vegas, after an 18 month hold period. Tower 16 had originally purchased the property for $50...
NexMetro Communities sells Phoenix metro asset for $42.6 million
NexMetro Communities, a pioneer of single-level luxury leased home neighborhoods, has sold its 152-unit Avilla Town Square asset for $42.6M to Keller Investment Properties. “This NexMetro sale further validates the tremendous value in the market...
Institutional Property Advisors sells new multifamily asset in Central Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Alta Central, a 223-unit mid-rise multifamily building in Midtown Phoenix, Arizona. “The property is a transit-oriented development in Arizona’s Innovation...
Tower 16 Capital Partners acquires Lilly Garden Apartments, its first multifamily project in Phoenix,...
San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private seller...
Thayer Manca Residential acquires third multifamily property in New Mexico
Thayer Manca Residential (TMR) has purchased Mirabella Heights, their newest multifamily property in the Albuquerque, New Mexico market. The acquisition of the 280-unit property, combined with renovation costs, creates over a $100 million investment...
$75.5 million Greater Phoenix apartment complex sold by International Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Liv Goodyear, a 326-unit multifamily asset in Goodyear, Arizona. The property sold for $75.5 million, or $231,595 per unit. “Liv...
Alta Drinkwater sells for $96.15 million
CBRE has arranged the sale of the 277-unit multifamily community Alta Drinkwater on behalf of Wood Partners to Starwood Real Estate Income Trust, Inc. ("SREIT"), a nontraded REIT managed by Starwood Capital Group, for...
JLL arranges capital for Colorado multihousing development
JLL announced it has arranged $43.2 million in structured construction financing for the development of Ten West Greeley Apartments, a 264-unit, Class A, garden-style multihousing property in Greeley, Colorado. JLL worked on behalf of the...
MVE + Partners breaks ground on 59-unit mixed-use apartment community in Salt Lake City
MVE + Partners, a leading architecture, planning, interiors and graphic design firm, today announced the groundbreaking of Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood....
