Camden Sierra, WEB

Big Deals: Multifamily, Oct. to Nov. 2013

There’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch.
In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.
Top 5 Notable Leases and Sales (October 1 to November 30, 2013) Source: Cassidy Turley Research Department, Colliers International and CoStar

SALES

1. Camden Sierra, Peoria
679,620 SF; $64,950,000
Buyer: Archon Group
Seller: Camden Property Trust
Listing Brokers: Sean Cunningham and Tyler Anderson, CBRE

2. 44 Monroe, Phoenix
1,075,241 SF; $56,086,044
Buyer: Winthrop Realty Trust
Listing Brokerage: ST Residential

3. Ninety Degrees, Phoenix
255,946 SF; $51M
Buyer: CBRE Global Investors
Seller: Prudential Real Estate Investors
Listing Brokerage: CBRE

4. Casa Santa Fe, Scottsdale
407,028 SF; $50.5M
Buyer: New York Life Insurance Company
Seller: HSL Properties, Inc.
Listing Brokerage: Apartment Realty Advisors

5. Indigo Palms, Phoenix
402,726 SF; $40M
Buyer: Incom Apartments, LLC
Seller: Mercury Investment Co.
Listing Brokerage: Berger Investment Group

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Amanda Ventura

About Amanda Ventura

Amanda Ventura is an editor, award-winning writer and pop culture enthusiast. When she's not up against deadlines, she is exploring Arizona, trying recipes that require every dish in her kitchen be used, collecting 5K swag bags and race numbers and volunteering at a local animal shelter. Her bookshelf is full of autobiographies and her desk is covered in Sticky Notes. She dislikes the Oxford comma and still cannot believe she gets to meet and write about interesting people for a living.