multi-family Archives

Phoenix retail development makes a slow comeback


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 →

IPA Arranges $67M Student Housing Sale in Tucson


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 →