Tag Archives: Trevor Koskovich

Cedar Court, WEB

Cedar Court in Glendale sells for $6.25M

Colliers International in Greater Phoenix recently completed the sale of Cedar Court in Glendale, a 116-unit class-B multifamily complex, for $6.25 million, or $53,879 per unit.

Emma Capital Properties Inc. of Toronto, Ontario, purchased the property, at 5215 W. Peoria Avenue, from Cedar Court Condominiums LLLC of Glendale.

Bill Hahn, Jeffrey Sherman, and Trevor Koskovich, senior vice presidents with Colliers International’s HSK Multifamily Southwest team, represented both buyer and seller.

Built in 1986, Cedar Court has 77,408 square-feet, in seven two-and three-story buildings, positioned on 4.07 acres. The community has 56 one bed/one bath units with 580 square-feet, 24 one bed/one bath units with 630 square-feet; and 36 two bed/two bath units with 828 square feet.

The condominiums are within two miles of Arizona State University West and Glendale Community College, and just over three miles from the Thunderbird School of Global Management. Other nearby employment centers include the Aurora Behavioral Health System and the Banner Thunderbird Medical Center. Cedar Creek is three miles away from Interstate-17.

“The buyer was attracted to the high-quality design and construction of this 1980s-era property. This was clearly an A-quality property at the time it was built,” said Hahn.

Main Pic Promenade, WEB

Promenade at Desert Sky sells for $11.85M

Colliers International in Greater Phoenix recently completed the sale of Promenade at Desert Sky, a 300-unit class-B apartment complex in Phoenix, for $11.85 million, or $39,500 per unit.

Desert Sky Estates, LLC, of Woodmere, New York, purchased the property, at 6233 W. Thomas Road, from WT Promenade LLC of Englewood, Colo.

Bill Hahn, Jeffrey Sherman, and Trevor Koskovich, senior vice presidents with Colliers International’s HSK Multifamily Southwest team, represented both buyer and seller.

Built in 1987, Promenade at Desert Sky features the highest quality architecture and design compared to class-B competitors in the Phoenix multifamily market. The apartment community consists of 216,140 square-feet, in 17 two-story buildings, situated on 11.4 acres. A wide frontage area faces an active thoroughfare at the entry.

Unit mix is 68 one bedroom/one bath, at 525 square-feet, and 124 one bedroom/one bath, at 690 square-feet. There are 68 two bedroom/one bath, 860 square-feet, and 40 two bedroom/two bath, 910 square-feet, apartments.

“Promenade at Desert Sky is one of the more physically attractive multifamily assets in the immediate area. The buyer will be able to leverage this attribute along with light physical improvements to derive above average performance in terms of rents and occupancies moving forward,” said Sherman.

Dobson Springs, Colliers, WEB

Colorado company purchases Dobson Springs Apartments

Colliers International in Greater Phoenix recently completed the sale of Dobson Springs, a 120-unit Class B apartment complex, for $9.12 million, or $76,000 per unit.

 

The Standard-Mesa, LLC, of Denver, Colo., purchased the complex, located at 1325 W. Guadalupe Road in Mesa, from Synergy Dobson Springs LP in Phoenix.

 

Bill Hahn, Jeffrey Sherman and Trevor Koskovich, senior vice presidents with Colliers International’s HSK Multifamily, served as the brokers for the buyer and the seller.

 

Built in 1980, the garden style, 102,600-square-foot apartment property is situated on 4.46 acres and consists of five three-story buildings. Unit mix is 18 one bedroom/one bath and 102 two bedroom/two bath apartments. The complex has been extensively remodeled, inside and out, during the past four years.

 

“Dobson Springs gives the buyer an opportunity to step into a turnkey asset,” Sherman said, adding, “As the long list of recent capital improvements show, very little remains to be completed, allowing the buyer to reap the benefits of strong cash flow and a dynamic location with many nearby demand drivers.”

 

Colliers HSK Multifamily uses the extensive resources of Colliers International to assist in the placement of debt, investment sales and appraisal services. By ensuring strong and efficient systems are in place for the marketing, acquisition and disposition of properties and providing superior service, Colliers HSK Multifamily has achieved the highest market share of sales of B and C-quality multifamily assets in Arizona.

Villa Serena Main Pic, Colliers, WEB

Villa Serena apartment complex sells for $6.42M

Colliers International in Greater Phoenix recently completed the sale of Villa Serena, a 137-unit Class B apartment complex, for $6.42 million, or $46,861 per unit.

Janet LePage of North Vancouver, BC, purchased the complex, located at 4221 W. Dunlap Avenue, from Bligh Group, LLC, of Rancho Santa Fe, Calif.

Bill Hahn, Jeffrey Sherman and Trevor Koskovich, senior vice presidents with Colliers International’s HSK Multifamily, served as the brokers for the buyer and the seller. Colliers HSK Multifamily uses the extensive resources of Colliers International to assist in the placement of debt, investment sales and appraisal services. By ensuring strong and efficient systems are in place for the marketing, acquisition and disposition of properties and providing superior service, Colliers HSK Multifamily has achieved the highest market share of sales of B and C-quality multifamily assets in Arizona.

“Villa Serena provided the buyer with a good opportunity to acquire a clean building with solid cash flow and an upside through modest interior improvements,” said Sherman.

Built in 1982, the garden-style 117,732-square-foot apartment property is situated on 5.04 acres and consists of one, two and three-story buildings.

Unit mix is 63 one bedroom/one bath apartments and 60 two bedroom/two bath apartments. An additional 14 two bedroom/two bath flats are single-level casitas.

“This is a clean property positioned in a rebounding submarket that will benefit from the continued recovery in the local economy,” Sherman said.

The Villas at Roger Road, Courtesy of Colliers International

Tucson multifamily complex sells for $5.68M

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 Hahn, Jeffrey Sherman and Trevor Koskovich, Senior Vice Presidents of Colliers HSK Multifamily, served as the brokers for the buyer and the seller. Colliers HSK Multifamily uses the extensive resources of Colliers International to assist in the placement of debt, investment sales and appraisal services. By ensuring strong and efficient systems are in place for the marketing, acquisition and disposition of properties and providing superior service, Colliers HSK Multifamily has achieved the highest market share of sales of B and C-quality multifamily assets in Arizona.

“Villas at Roger Road presented an excellent opportunity to acquire an investment asset that could quickly appreciate through property repairs and the continued stabilization of income,” Sherman said.

The unit mix includes 88 one-bedroom and 144 two-bedroom/one-bathroom apartments, ranging from 500 square feet to 750 square feet. The building was constructed in 1984.

Left to right, from top: Cindy Cooke, Bill Hahn, Trevor Koskovich, Keith Lambeth, Bill Littleton, Don Macwilliam, Payson Macwilliam, Todd Noel, Jeff Sherman.

Phoenix Brokers Are Among Top at Colliers International

Colliers International in Greater Phoenix’s national office recently honored brokers for their financial achievements, ranking nine of them in the top 10 percent of brokers in the United States, Canada and Latin America.  

The brokers were recently recognized as 2013 Everest Club qualifiers at a reception in Atlanta during the Colliers International 2013 Americas Conference.

“The foundation of our success is the strength, expertise and depth of our staff,” said Bob Mulhern, the managing director of Colliers International in Greater Phoenix. “We are very proud of our top brokers who provide outstanding service to help our clients accelerate their businesses.”

 

2013 Everest Club honorees:

·       Cindy Cooke, Executive Vice President

·       Bill Hahn, Senior Vice President

·       Trevor Koskovich, Vice President

·       Keith Lambeth, Senior Vice President

·       Bill Littleton, Senior Vice President

·       Don MacWilliam, Senior Vice President

·       Payson MacWilliam, Senior Vice President

·       Todd Noel, Senior Vice President

·       Jeff Sherman, Vice President

Colliers

Colliers Promotes Two To VP; Hires Healthcare Specialist

Colliers International in Greater Phoenix announced that Jeffrey Sherman and Trevor Koskovich have each been promoted to the position of vice president of multi-family properties.

Sherman and Koskovich specialize in the acquisition and disposition of investment-grade, income-producing multifamily properties and portfolios ranging in size from 40 units to 300 units, serving the private and institutional capital markets.

They partner with Bill Hahn, senior vice president, as the Colliers HSK Multi-family Specialists team. They represent local, national and international banks, Fannie Mae, Freddie Mac, and CMBS special servicers in the disposition of REO assets, while also assisting buyers in the acquisition of multi-family assets that are poised for repositioning to increase value.

In 2011, Sherman and Koskovich were jointly ranked as the No. 3 Multi-family Producers in the U.S. They were also recognized as the No. 2 Team in 2012 and the No. 3 Team in 2011 in Greater Phoenix, along with their partner Bill Hahn.

“Jeff and Trevor are focused, smart and strategic with an exceptional commitment to providing superior service to their clients.” said Bob Mulhern, managing director of Colliers International in Greater Phoenix. “They are two of our hardest-working professionals, and they have excelled at positioning themselves as multifamily market leaders. We are very pleased to recognize their achievements with the title of vice president.”

Sherman graduated magna cum laude from the W.P. Carey School of Business at Arizona State University with a BS in finance and a diploma from the Barrett Honors College. Koskovich received a BA in communication, with a minor in business economics, from ASU. Both are members of Colliers International’s Multi-family Advisory Group.

Colliers also announced that Colleen McPherson has joined its Scottsdale office as vice president of its national Healthcare Services Group.

McPherson has been a commercial real estate industry leader, specializing in healthcare sales and leasing in Metro Phoenix for more than 12 years. Throughout her career, she has formed strong relationships and focused on the assets and real estate needs of hospital systems, medical service providers and physicians. Her service delivery includes landlord and tenant representation and investment acquisitions and dispositions on a local and national level.

“We are very pleased to welcome Colleen to Colliers,” Mulhern said. “With in-depth experience in healthcare-related real estate sales, leasing and development, Colleen is a valuable addition to our team. Her expertise and strong relationships throughout the healthcare community will enhance our service offering in this market space.”

“Colliers offers a highly-specialized national healthcare services platform and comprehensive client services to meet the needs of healthcare investors, owners, landlords, tenants and developers,”  McPherson said. “The reach and support of Colliers on a local, national and global level will allow me to identify opportunities and provide effective real estate solutions to ensure the best outcome for my clients.”

Prior to joining Colliers, McPherson was a vice president with the Grubb & Ellis Healthcare Properties Group, focusing on healthcare sales, leasing and investments. She was previously vice president with the Plaza Companies, working closely with physicians, hospital systems and city economic development directors on medical office development plans. Prior to that, she was a vice president with CBRE, responsible for medical office leasing and sales.

McPherson is a member of NAIOP and serves on its National Medical and Life Sciences Forum. She holds a bachelor of arts in education from the University of Arizona. She is actively involved in a number of community organizations, including Touchstone Behavioral Health, Pendergast Education Foundation, Arizona Diamondbacks Charity, CHW East Valley Foundation, and Phoenix Rescue Mission – Changing Lives Center.