CBRE Multi-Housing Group Completes $3.5M in Phoenix-Metro Transactions

CBRE has negotiated two multi-family transactions totaling $3.25M. Brian Smuckler and Jeff Seaman with CBRE Phoenix’s Multi-Housing Private Capital Group represented both parties in each transaction.

Casa Monte Vista
Casa Monte, LLLP of Vancouver, British Columbia, Canada has purchased Casa Monte Vista, a 45-unit property located at 120 W. Dobbins Rd. in Phoenix, from Reliant Investments US, Inc. also of Vancouver. The asset commanded a sale price of $1.55 million.

Tempe Gardens
Sacramento, Calif.-based LCP Equity Partners, LLC has purchased Tempe Gardens, a 36-unit property located at 121 E. Broadway Rd. in Tempe, Ariz. The seller was Tempe Gardens 36, LLC of Los Angeles, Calif. The property commanded a sale price of $1.7 million.

POSTED: . TAGS: , , ,

About AZRE

Pulling together the multiple facets of the commercial real estate industry in Arizona, AZRE: Arizona Commercial Real Estate Magazine reaches out to the largest local and national commercial real estate audience within the Grand Canyon State and beyond. AZRE covers up-to-date happenings within commercial development, brokerage, construction, investment, finance, architecture, property management, real estate law and more as it relates to Arizona. Additionally, AZRE is an active voice within the commercial industry, partnering with such organizations as NAIOP, ABA, ICSC AZ, AIA AZ and Valley Partnership.