IPA 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 →

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 →

North Scottsdale gets a new luxury apartment community

Investment Property Associates (IPA) celebrated the grand opening of its first multifamily development in Scottsdale with a ribbon cutting ceremony at Liv North Scottsdale. The luxury apartment community is situated on 5.83 acres near the corner of Scottsdale Road and Greenway Hayden Loop in North Scottsdale. IPA co-developed the property with PB Bell & Associates.… 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, 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 →

Danny’s Family Car Wash in Scottsdale sells for $2M per acre

Danny's Family Car Wash 1

ORION Investment Real Estate is pleased to announce the successful ground lease sale of the Danny’s Family Car Wash located at 15515 N. Scottsdale Rd. in Scottsdale, Ariz., for $6.5M to Pacific Scottsdale, LLC. The seller was Scottsdale Place, LLC. The car wash, detailing center, gas facilities and 2 convenience stores, totaling approximately 17,700 square… Read More →

IPA arranges Arizona multifamily portfolio sale for $75M

Pinnacle Terrace, Courtesy of IPA

Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of a two-property multifamily portfolio in Arizona for $75,450,000. The assets are Pinnacle Terrace, a 300-unit apartment complex in Chandler, Ariz. that sold for $39.2M or $131,000 per unit and Pinnacle… Read More →

IPA sells Colter Park apartments

Colter Park
by in AZRE Magazine | Brokerage

Institutional Property Advisors (IPA), a brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Colter Park, a 384-unit apartment community in Phoenix. The terms of the sale were not disclosed. IPA senior director Steve Gebing and Marcus & Millichap vice president investments Cliff David… 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 →

Craft beer industry thriving in San Diego

Coronado Brewing Co.

BrewHop founder Summer Nixon is eight months pregnant and drinking water from a swing-top glass beer bottle at Coronado Brewing Co.’s new manufacturing facility. She’s just delivered two flights of beer to the table while waiting for Coronado Brewing Co. co-founder Rick Chapman to join her. It’s loud in here. The industrial sounds of pressure… Read More →

128-Unit Senior Housing Community Comes to Ahwatukee

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

Investment Property Associates, LLC (IPA) and Retirement Community Specialists (RCS) have partnered for a second time to develop a senior living community in Ahwatukee near the southwest corner of Chandler Boulevard and 50th Street.  The 8-acre site of the planned senior community is part of a 35-acre mixed-use parcel acquired by IPA in 2012. The… Read More →

IPA Arranges the Sale of Alta Park West for $30.05M

Alta Park West, WEB
by in AZRE Magazine | Brokerage

Institutional Property Advisors (IPA), a multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has arranged the sale of Alta Park West, a 260-unit, 252,643 SF luxury apartment community in Peoria, Ariz., a major suburb of Phoenix. The $30.05M sales price equates to $115,500 per unit. IPA senior… Read More →

Steve Gebing Joins IPA

Mayo Clinic Hospital - AZ Business Magazine Mar/Apr 2011
by in Newsmakers

Institutional Property Advisors (IPA), a division of Marcus & Millichap Real Estate Investment Services, announced the expansion of its national team of senior advisors with the addition of Steve Gebing, according to Brian Murdy, national director of IPA. Gebing has been a leading broker of major multifamily properties with Marcus & Millichap for more than… Read More →

The Rockefeller Group, IPA Break Ground on Upscale Apartment Community in Gilbert

rsz_liv_northgate_rendering_1-30-13

  The Rockefeller Group and Investment Property Associates (IPA) broke ground on the first of two phases of a 402-unit Class A apartment community at the NEC of Warner and Recker roads in Gilbert. Kevin R. Hackett, CEO of The Rockefeller Group; Bill Fettis, Partner, IPA; and Gilbert Mayor John Lewis delivered remarks. The event… Read More →