CBRE multi-housing investment group negotiates $3.6M in sales

Oak CreekCBRE has negotiated the following multi-family sales transaction:

801 Turney LP of Tempe, Ariz. has purchased the Oak Creek apartment complex, a 60-unit multi-family property located at 801 W. Turney Ave. in Phoenix, from the Gary B. Outzen Trust and Jacqueline Schneider Trust. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both parties in negotiating the $2.7 million transaction.

ParkwayMike Davis of Oxnard Calif. has purchased the Parkway apartment complex, a 16-unit multi-family property located at 6516 N. 17th Ave. in Phoenix, from Abbotsford, British Columbia, Canada-based Parkway Westco Apartments, L.P. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and seller in negotiating the $960,000 transaction.