Multi-Family Archives

Marbella Ranch Limited Partnership buys 350 acres

Marbella Ranch

Cassidy Turley announced the sale of ±352 acres on the southwest corner of El Mirage and Northern Avenue in Maricopa County to Marbella Ranch Limited Partnership. The Scottsdale-based homebuilder purchased the property for $11.7 million from El Paso Natural Gas Company, LLC, an affiliate of Kinder Morgan. Cassidy Turley Executive Managing Director Brent Moser, Senior… Read More →

OliverMcMillan breaks ground on SALT apartments

SALT

OliverMcMillan, a boutique real estate developer known for creating artistic, enduring destinations, has broken ground on SALT – a four-story, 265-unit, Class A apartment community in Tempe, Ariz. The development will feature studio, 1, 2, and 3 bedroom living spaces.  Residents will enjoy boutique resort style amenities with two pools, spa, yoga lawn, poolside cabanas,… Read More →

IPA, Retirement Community Specialists join forces

IPA Living, Mark Boisclair Photography

IPA, a leading operator of luxury multifamily communities in Arizona and Michigan, and Retirement Community Specialists, Inc. (RCS), a leading operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC. RCS and IPA now operate together under the direction of a combined executive team… Read More →

Future Coronado Commons sold to SRM Development

Coronado Commons, courtesy of Architectural Resource Team, Inc.

Cashen Realty Advisors announced the sale of a 1.37-acre residential parcel located at 329 E. Coronado Road in the Alvarado Historic District Area of Phoenix. The parcel is zoned R-4 and has approved plans for 20 three-story townhome units. The property, destined to be the Coronado Commons, sold for $1,323,000 and is one of the… Read More →

The Newport at Tempe to break ground later this month

The Newport, WEB

Change is on the horizon for downtown Tempe, and as the city preps to dive headfirst into an extensive rebranding and revitalization effort, one local developer is leading the charge on the residential side. Risi Development’s 38- single family homes called Newport at Tempe (1106 E Weber Drive) is set to break ground Monday, Sept.… Read More →

Wood Partners to break ground on Alta Steelyard Lofts

Wood Partners - Alta Steelyard Lofts, WEB

Wood Partners will break ground in October on Alta Steelyard Lofts, a 301-unit luxury apartment community in downtown Chandler that will add distinctive rental units to the employment-dense, rapidly developing “Silicon Desert” core.   With a particularly urban feel in both architecture and density combined with convenient access to employers and entertainment, Alta Steelyard will… Read More →

Luxury multifamily development opens in Oro Valley

The Villas at San Dorado

Almost a year after breaking ground, Mark-Taylor has opened its first luxury multifamily development in Pima County, the Villas at San Dorado. The community is part of a mixed-use development set against the gorgeous backdrop of the Santa Catalina Mountains. Located at the southeast corner of First Avenue and Oracle Road (10730 N. Oracle Road),… Read More →

First Mark-Taylor-built rental community in Gilbert now open

San Privada, Mark-Taylor

Luxury living options in the East Valley are expanding by the hundreds with Mark-Taylor’s opening of its first high-end community in Gilbert, Ariz. The 296-unit San Privada , located in the acclaimed Spectrum neighborhood at Val Vista Drive and Pecos Road, offers an ideal living experience for established professionals as well as those looking to… Read More →

Cox Communications building to be redeveloped as apartments

Cox building

ORION Investment Real Estate announced Thursday night the closing of a single-story office/warehouse building, located at 160 S. MacDonald in Mesa, Arizona for $750,000 to Cardinal Capital Management, Inc. “The buyer plans to redevelop the site into an apartment community and wanted to be close to the future light rail stations,” says Nick Miner, Vice… Read More →

New to Market: Broadstone Lincoln

Broadstone Lincoln pool, WEB

Broadstone Lincoln Developer: Alliance Residential Company General Contractor: Alliance Residential Builders Architect: ORB Architecture Location: 7100 E. Lincoln Dr., Scottsdale, Ariz. Size: 219,000 SF (net rentable area) Value: $50M Start and completion dates: Started third quarter 2012. Completed second quarter 2014. Project Description: Broadstone Lincoln is a 264-unit community that sits on 5.31 acres of… Read More →

Deco Communities opens sixth cabana modern apartment property

Cabana on Seventh

Scottsdale-based Deco Communities has opened its sixth Cabana Modern Apartment Homes complex bringing its brand of hip, modern and affordable rental units to the heart of North Central Phoenix’s eclectic 7th Street neighborhood. Cabana on Seventh offers 74 stylishly renovated units offering urban-influenced living spaces designed for Gen Y renters. Located at 5615 N. 7th… Read More →

Watt Communities announces multifamily, in-fill projects

The Enclave at 32nd

Watt Communities of Arizona has doubled its Phoenix project pipeline and brought its total local construction commitment to more than $21 million with the announcement of two new urban infill communities: The Enclave at 32nd Street and 16 Ocotillo. The move grows the company’s local presence and expands its product offerings to include single-family detached… Read More →

SEVEN Apartments

seven

Developer: NextGen Apartments General contractor: NextGen Construction Architect: Eric Miller Architects Location: 7th Street and 101 Freeway, Phoenix Size: 216 units Value: WND Start/Completion: February 2014 to April 2015 Subcontractors: Mechanical- RT Brown, Grading and drainage – S&S Paving, Plumbing – JBS Plumbing, Underground – Levake Construction SEVEN Apartments will feature three-story garden-style apartments with… Read More →

New to Market: The Standard

The-Standard

Developer: Trinsic Development General contractor: Adolfson & Peterson Construction Architect: ORB Architecture Location: N. 69th and Main streets, Scottsdale Size: 172KSF Value: $17M Start/Completion: April 2014 to July 2015 The Standard is a 172KSF market-rate apartment development on a three-acre site in Scottsdale (adjacent to the historic Hotel Valley Ho). The development will contain 134… Read More →