multi-family Archives

Berkadia completes midtown Phoenix multifamily sale

Vestar
by in AZRE Magazine | Multi-Family

Berkadia completed, Wednesday, the sale of Barrington Regent, a Class B rental community in Phoenix. The $11 million sale was completed on May 18, and reflects a $88,709 per-unit price. Located at 825 W. Osborn Road, Barrington Regent is less than a mile from the Metro Light Rail and approximately one mile from the Downtown… Read More →

How to boost curb appeal for a multifamily property

Condos

Consider these two scenarios: A: You are a tenant, and looking for a multifamily property. You visit a unit that has great interiors. However, outside, the walkway seems a bit shabby (uneven), the landscaping is not that green, the paint of the building has peeled off, masonry looks weathered and unclean, and the entrance door… Read More →

ENVY Residences set for spring completion

Envy Residences
by in AZRE Magazine | Multi-Family

The $47 million ENVY Residences condominium tower in Old Town Scottsdale, near Scottsdale and Camelback Roads is on track to open in late spring. Developed by Deco Communities, the residential project will bring 89 high-end residences to the heart of Scottsdale’s arts, entertainment and nightlife mecca. The building will celebrate its grand opening and welcome the first… Read More →

$50M Easy Street project coming to Carefree

Easy Street
by in AZRE Magazine | Multi-Family

A $50 million, exclusive condominium project, Easy Street, is coming to Carefree with plans to break ground in June to be finished by the Fall of 2017. Easy Street will feature 44 luxurious, amenity-stocked condos ranging in price from $600,000 to $2,500,000.  The project features some of Arizona’s most scenic mountain views and a resort-level… Read More →

CBRE completes $33.6M sale of Tucson apartments

sold
by in AZRE Magazine | Brokerage | Multi-Family

CBRE has completed the sale of Centrepoint, a 320-unit multifamily community located at 3220 West Ina Rd in Tucson, for $33.6 million. The complex was 96 percent occupied at the time of sale. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office, along with Mike Sandahl with the firm’s Tucson office,… Read More →

Phoenix retail development makes a slow comeback

shopping

The retail land market in the Phoenix area is waking up from its nearly seven year dormancy. While sales and development for retail pads and in-fill parcels has been at an all-time high, the development of new shopping centers has remained at a stand-still – and with good reason. The housing boom and subsequent bust… Read More →

CBRE reports recent multi-family transactions

Continental Apartments, a 48-unit multi-family property located in downtown Phoenix.
by in AZRE Magazine | Brokerage

CBRE has negotiated the following multi-family sales transactions: 7102 North 43rd Avenue Partners, LLC of Denver, Colo. has purchased the Paradise Vista apartment complex, a 352-unit multi-family property located at 7102 N. 43rd Ave. in Glendale, Ariz., from Paradise Vista Affordable Apartments, LLC of San Diego, Calif. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix… Read More →

TDI Begins Construction of Jefferson on Legacy

Jefferson on Legacy, WEB

TDI Real Estate Holdings LLC, a developer of Class-A multi-family housing, has begun construction on the second  phase of a project that will bring up to 750 units of luxury housing to Scottsdale.  Construction of Jefferson on Legacy is presently underway on 322 units scheduled for completion in 2015. The site is located within the… 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 →

Best Multi-Family Project 2011

RED Awards Banner
by in Events | Real Estate

Vi at Silverstone Developer: The Plaza Companies Contractor: Summit Builders Architect: DAVIS Size: 735,651 SF Location: 23005 N. 74th St., Scottsdale Completed: March 2010 Vi at Silverstone is a new, continuing care retirement community on a 35-acre campus. It consists of a 4-story, 467,857 SF main lodge building with 203 independent living units, an underground… Read More →