Multi-Family Archives

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 →

AMA honors communities, leaders at annual Tribute Awards

Liv Avenida, IPA Management, which won the Developer’s Award for Best Community built in 2012-2013.

The multihousing industry has had a remarkable year of renewed optimism in the housing and rental markets. The Arizona Multihousing Association brings apartment industry leaders together for one night a year at its annual Tribute Gala to celebrate the successes of the teams, individuals, volunteers and communities that are best in class. On Thursday night,… Read More →

Deco Communities announces Edison Midtown in Phoenix’s Central Corridor

Courtesy of Deco Communities

Midtown Phoenix is getting a hip new neighbor. Scottsdale-based Deco Communities has closed on a key parcel of land that will be transformed into Edison Midtown, a new urban contemporary condominium in the heart of Phoenix’s urban core. Located at 2346 N. Central Ave. the address says it all, Edison is central to Midtown’s buzzing… Read More →

New to Market: The Lofts at Hayden Ferry

A1 Project Data _ Layout
by in Business News

Project Name: The Lofts at Hayden Ferry Developer: OliverMcMillan General Contractor: Adolfson & Peterson Construction Architect: Pappageorge Haymes Partners / Todd & Associates Location & City (major crossroads/exact address): 260 Rio Salado Parkway, Tempe, Arizona Size (SF): 497,000 SF Value: $40M Estimated start and completion dates (by month or quarter): June 2014 / December 2015… Read More →