Institutional Property Advisors closes two-property $90.2 million multifamily portfolio sale in Southern Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property multifamily portfolio in Tucson, Arizona. The properties are Equestrian, a 288-unit complex that sold for $47.7 million, or...
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...
West Line Village Apartments development receives $42.5 million loan
JLL Capital Markets announced that it has arranged the $42.5 million construction loan for the development of West Line Village Apartments, a 281-unit, Class A multihousing community in the Denver suburb of Lakewood, Colorado.
JLL...
Institutional Property Advisors negotiates $88.8 million multifamily sale in West Valley in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Parc Roundtree Ranch, a 275-unit, newly constructed multifamily asset in Peoria, Arizona. The property sold for $88.8 million, or $322,909 per...
Institutional Property Advisors completes $56.4 million apartment asset sale in the Southeast Valley of...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit multifamily asset in Mesa, Arizona. The property sold for $56.4 million, or $235,000 per unit.
“The Southeast...
The Michaels Organization Hosts Ribbon Cutting for New Affordable Multifamily Community Sagebrush Apartments in...
Fort Lupton Mayor Zo Hubbard yesterday joined executives from The Michaels Organization, the Colorado Housing and Finance Agency, and the Colorado Department of Local Affairs, as well as Fort Lupton residents to celebrate the...
ABI Multifamily Brokers 8-Unit South Glendale Multifamily Community Laurie Lane Apartments for $2.3M
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,300,000 / $287,500 Per Unit / $412.19 Per SF sale of Laurie Lane Apartments, an...
Institutional Property Advisors Closes East Valley Land Sale for Upcoming Premiere at Eastmark Multifamily...
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of The Premiere at Eastmark 3.0,a fully entitled 8.55-acre multifamily development site in Eastmark, a master-planned community in Mesa, Arizona. The property sold...
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...
McShane to Build 320-unit Apartment Community in Phoenix for Milhaus and Banyan Residential
McShane Construction Company was selected by repeat clients Milhaus and Banyan Residential to provide design-assist construction services for Alanna, a new apartment community in Phoenix, Arizona.
“We’re excited to be underway on another project with...
Decron Acquires Class A Multifamily Community Hangar at Thunderbird in Phoenix for $69M
Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, Arizona for $69 million.
Decron acquired Hangar at Thunderbird for $260,000 a unit, far below the average cost of...
Institutional Property Advisors brokers $49.5 million multifamily asset sale in North Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of Deer Creek Village, a 308-unit multifamily complex in North Phoenix. The $49.5 million sales price represents $160,714 per unit.
“Thoughtfully...
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...
Intercontinental Real Estate Corporation acquires 376-unit apartment community in Phoenix, Ariz. for $126 million
Intercontinental Real Estate Corporation (Intercontinental) has acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe, Ariz. for $126 million. The acquisition marks Intercontinental’s fifth acquisition in Phoenix.
Garden Grove Apartments is located at...
Institutional Property Advisors brokers $91 million multifamily sale in suburban Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit.
“The...
