Multi-Family Archives

P.B. Bell set to open The View at Cascade

The View

P.B. Bell, a leader in multi-family housing development, management and acquisitions, is preparing to open The View at Cascade, its newest community in Scottsdale.  Located at Scottsdale Road and the Loop 101, The View at Cascade is a modern, luxurious community that features one- and two-bedroom residences nestled in an upscale, resort-style atmosphere. The community… Read More →

Demand strong as sales start for $40M Edison Midtown

Edison Midtown, Deco Communities
September 30, 2015 by in AZRE Magazine | Featured | Multi-Family | New to Market

With all eyes on the Downtown Phoenix development scene, one of the most anticipated projects of the year has kicked off sales with a strong demand from area buyers looking to invest in growing Midtown Phoenix. Edison Midtown, the urban contemporary midrise by Deco Communities officially launched its sales this week with the opening of a… Read More →

CBRE completes three major multifamily sales

Shade at Desert Ridge Village

Copper Palms CBRE has completed the sale of Copper Palms apartments, a 206-unit apartment community located at 12810 N. Cave Creek Road in Phoenix. The property commanded a sale price of $13.9 million and was 95 percent occupied at time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office… Read More →

Rosecrest Apartments in the heart of midtown sells for $929K


ORION announced that Rosecrest Apartments has sold for $929,000, or $61,933/unit. The property is well-located in the heart of Midtown on 3rd Avenue and Camelback Road. Situated on an approximate half-acre of land, Rosecrest Apartments is comprised of three block-constructed buildings totaling 15 units. The property is individually metered for electricity and was 100% occupied… Read More →

The Rental Renewal: Q&A with Tom Simplot

Photo by Robin Sendele, Az Big Media

Tom Simplot, president and CEO of the Arizona Multihousing Association, has watched the hottest commercial sector light the way for new developments during the darkened years of recovery. Even though there are thousands of new units in the pipeline, Simplot weighs in on the cooler markets, the Class-A flood and important legislative wins. With the… Read More →

New to Market: September-October 2015

Capital Place, Downtown Phoenix

Hospitality The Algarve at Encanterra Country Club Developer: Shea Homes General Contractor: A.R. Mays Construction Architect: H & S International Location: 1035 E. Combs Rd., San Tan Valley Size: 60KSF Value: $3M Start/Completion: June/December 2015 Hospitality L’Auberge de Sedona Developer: L’ Auberge Newco, LLC, a Delaware Limited Liability Company General Contractor: A.R. Mays Construction Architect: PHX Architecture Location:… Read More →

David Weekley opens third neighborhood in master plan

Mark Boisclair Photography, Inc.

David Weekley Homes has started sales in its third and newest neighborhood, Fairways at Blackstone. Located in the gated private community of Blackstone at Vistancia, Fairways sits alongside Blackstone Country Club’s Hole No. 3 with views of the Sonoran desert and saguaro cactus lined mountain tops. The neighborhood features 52 spacious homesites with six single-story… Read More →

$42M ‘Inspire Downtown Scottsdale’ breaks ground


Deco Communities has broken ground on its latest condominium project, Inspire Downtown Scottsdale, the company’s latest Scottsdale project that aims to link Downtown Scottsdale with the up-and-coming Sky Song corridor.  The $42 million dollar project will offer contemporary-styled residences starting at $299,000. At the grounbreaking ceremony for the project this week, Scottsdale Mayor W.J. “Jim”… Read More →

Wood Partners’ Alta Tempe averaging 30 leases per month

Alta Tempe Apartments, ALTA TEMPE, Phoenix Commercial Real Estat
September 23, 2015 by in AZRE Magazine | Multi-Family

Upscale apartments with luxurious amenities are in high demand near the new Marina Heights office development, where developer Wood Partners is averaging 30 leases a month at its new Alta Tempe complex. The 296-unit community is uniquely positioned to serve residents seeking proximity to the state’s largest office park when it’s complete in 2017, as well as easy access… Read More →

CBRE completes three multifamily transactions in Phoenix


CBRE has announced three multifamily property sales worth more than $3 million in consideration. Brian Smuckler and Jeff Seaman, specialists in multifamily investments, have completed the following sales transactions in Phoenix: La Ville, a 19-unit community located at 4231 North 27th Street in Phoenix, sold for $1.25 million. The buyer was 3311 North 18th Street,… Read More →

Anzio Apartments in Tempe sell for $19.5 million

Anzio Apts

Cushman & Wakefield has announced the $19.5 million sale of Anzio Apartments on behalf of owner Gelt Inc., dba Gelt Broadway Holdings LLC of Tarzana, CA. Jim Crews and Brett Polachek with Cushman & Wakefield’s Southwest Multifamily Advisory Group successfully negotiated the sale to WWC Holdings LLC of Vancouver, BC. Located at 1330 W. Broadway… Read More →

Mark-Taylor to bring spacious multifamily concept to Mesa

Photo courtesy of

The first Mark-Taylor-developed rental community in Mesa in almost two decades, San Posada, is well underway and promises to meet a need that is gradually diminishing with the proliferation of high-density communities: those with expansive living areas and wide, open, private spaces. “Our communities are ideal for those who are testing the waters before finding… Read More →

Watt AZ pipeline hits $45 million with new View 32 project


A just-closed $2.47 million land purchase is making way for View 32, a Watt Communities of Arizona project that brings the already active local residential builder into the Arizona rental apartment market. View 32 also marks Watt’s second urban infill residential project located within the City of Phoenix’s North 32nd Street revitalization corridor. Watt is… Read More →

ORION closes three apartment properties in North Phoenix

The Franciscan

ORION Investment Real Estate has sold three separate apartment communities located in the emerging North Phoenix/19th Avenue Corridor. All properties are in close proximity to the Light Rail and are near major shopping anchors, as well as new, ground-up infill developments. Located off of Glendale Avenue and 19th Avenue, Villa Ventura sold for $3,197,500 ($63,950/unit). Located… Read More →