Institutional Property Advisors Archives

IPA sells Tempe multifamily property for $16.6M

Sold Sign
by in AZRE Magazine | Brokerage | Multi-Family

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of Cabana on McClintock, a 181-unit multifamily property in Tempe for $16.6 million. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller, Deco Communities,… Read More →

IPA arranges sale of Ahwatukee multifamily complex

IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, has arranged the sale of Mountainside, a 288-unit luxury apartment complex located on more than 14 acres within Mountain Park Ranch, a 2,500-acre master-planned community in the urban village of Ahwatukee in Phoenix. The terms… Read More →

Marcus & Millichap arrange sale of 76-unit property

123rf.com: Vadim Guzhva

Marcus & Millichap announced the sale of Candela Park, a 76-unit apartment property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,925,000. Cliff David, a Marcus & Millichap vice president investments, Steve Gebing, a senior director with Institutional Property Advisors, a division of Marcus… Read More →

IPA sells southeast valley multifamily complex for $18.6M

Bayview

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, has sold Bayview Apartments, a 204-unit multi-housing community in Mesa, Ariz. The $18.6 million sales price equates to more than $91,000 per unit. IPA senior director Steve Gebing and Marcus & Millichap senior director Cliff David… Read More →

Southwest Valley apartment building sells for $12.1M

Marble Creek

Marcus & Millichap has sold Marble Creek, a 244-unit apartment property in Phoenix. The asset sold for $12,100,000. Cliff David, a Marcus & Millichap vice president investments, and Steve Gebing, a senior director with Institutional Property Advisors, a division of Marcus & Millichap, both in the firm’s Phoenix office, handled the sale on behalf of the… Read More →

Villas at Cave Creek in Phoenix now under new ownership

Villas at Cave Creek
by in AZRE Magazine | Brokerage | In The Spotlight

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, has sold Villas at Cave Creek, a 696-unit multifamily community in Phoenix. The terms of the sale were not released. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller,… Read More →

Marcus & Millichap elects executive vice president investments

promotion
by in AZRE Magazine | Newsmakers

Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, has named Peter Katz an executive vice president investments, according to John J. Kerin, president and chief executive officer, and Don Morrow, regional manager of the firm’s Phoenix office. Most recently Katz held the position of… Read More →

Cortona at Dana Park sells for $22.1M

Cortona, Courtesy of IPA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cortona at Dana Park, a 222-unit multifamily community in Mesa, Ariz. The $22.1 million sales price equates to $99,550 per unit. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David advised the seller, Virtú Investments. The… Read More →

IPA sells $24.35 million Phoenix apartment community

Cabana on Thomas - Gebing

Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, is pleased to announce the sale of Cabana on Thomas, a 382-unit apartment home community in Phoenix. The $24,350,000 sales price equates to approximately $64,000 per unit. IPA senior director Steve Gebing and Marcus &… Read More →

Waterford at Superstition Springs sells for $33M

Waterford at Superstition Springs 31,WEB
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

Institutional Property Advisors (IPA), a division of Marcus & Millichap Inc. specializing in serving institutional and major private real estate investors, announced the sale of Waterford at Superstition Springs, a 280-unit multifamily community in Mesa, Ariz.  The commercial real estate sale netted $33,000,000 or $117,850 per unit. IPA senior director Steve Gebing and Marcus &… Read More →

IPA arranges $26M sale of Adobe Ridge in Glendale

Adobe_Ridge_Night_13_med, WEB
by in AZRE Magazine | Brokerage | Featured

Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Adobe Ridge, a 224-unit apartment complex in Glendale, Ariz. The $26,050,000 sales price equates to $116,000 per unit. IPA senior director Steve Gebing and Marcus & Millichap vice president investments… Read More →

IPA Arranges $67M Student Housing Sale in Tucson

rsz_the_district_on_5th

Institutional Property Advisors (IPA), a multi-family brokerage division of Marcus & Millichap, arranged the sale of The District on 5th Avenue, a new 208-unit, student housing community one-half mile from the University of Arizona campus in Tucson. The 764-bed complex commanded a sales price of $67M, or $322,115 per unit and $268 PSF. Peter Katz,… Read More →