multifamily sale Archives

Pinnacle South Mountain sells for $63M

Pinnacle South Mountain, Courtesy of CBRE

CBRE has completed the sale of Pinnacle South Mountain located at 5151 E. Guadalupe Road in Phoenix, Ariz. Pinnacle South Mountain is a luxury apartment community which consists of 552 units. The asset commanded a sale price of $63 million. Sean Cunningham, Tyler Anderson, Asher Gunter and Matt Pesch with CBRE’s Phoenix office negotiated the… Read More →

Waterford on Tatum Apartments sells for $14M

Waterford Hi-Res Image, ABI Multifamily, WEB
by in AZRE Magazine | Blogs | Brokerage | Featured | In The Spotlight

ABI Multifamily announced on Friday the sale of a premier North Paradise Valley, 128-unit, multifamily property – Waterford on Tatum Apartments – for $14,175,000 or $110,742 per unit. This completes an exciting past week at ABI, with three significant closings (Southern Ridge Apartments and Scottsdale Haciendas Condominiums & Townhomes being the other two). Total transaction… Read More →

Tanque Verde apartments in Tucson sell for $21.3M

Tanque Verde, WEB
by in AZRE Magazine | Brokerage | Featured | In The Spotlight

CBRE has completed the sale of the Tanque Verde apartment complex, 428-unit multifamily community located at 7671 E. Tanque Verde Road in Tucson, Ariz. The multifamily asset sold for $21.3 million. The property was 94 percent leased at time of sale. Michael Sandahl and Wyatt Campbell with CBRE’s Tucson office, along with Tyler Anderson, Sean… Read More →

Tucson multifamily complex sells for $5.68M

The Villas at Roger Road, Courtesy of Colliers International
by in AZRE Magazine | Brokerage | Featured

Colliers International in Greater Phoenix recently completed the sale of Villas at Roger Road, a 232-unit Class B apartment building in Tucson, for $5.68 million, or $24,504 per unit. Equilibrium Villas, LLC, of Washington, D.C., purchased the complex, located at 3985 N. Stone Ave., from Blue Valley Apartments, Inc. of West Palm Beach, Fla. Bill… Read More →

Shadow Mountain apartments sell for $27.2M

Crestone 2, CBRE, WEB

CBRE’s Capital Markets group announced today that it has secured financing on behalf of Real Estate Capital Partners (“RECP”) for the financing of Crestone at Shadow Mountain Apartments (“Crestone”). Brian Eisendrath with CBRE’s Debt and Structured Finance team arranged a 5-year, full term interest only fixed rate loan of $16,811,000 (60% LTC), which was locked… 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 →