The Marble Creek apartments at 5601 W. McDowell Rd. in West Phoenix have been sold to an investor from British Columbia for $16,750,000. This asset expands the buyer’s portfolio of…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, (NYSE: MMI) announces that Steve Gebing and Cliff David, senior managing directors, closed nine multifamily property transactions totaling 2,171 units…
One of the Valley’s premier entertainment districts known for nightlife, restaurants, shops, sporting events, concerts and offices will now add one more offering to the mix – luxury residential living,…
Institutional Property Advisors (IPA), a division of Marcus & Millichap announced the sale of The Lofts at Rio Salado, a 466-unit apartment complex in Tempe, Arizona. The $75.5 million sales…
Ascentris and its development partner, Optima, announced today that the partnership’s 7160 Optima Kierland apartments in North Scottsdale reached 95% leased. The 10-story, 150-unit tower, located adjacent to Kierland…
As Chandler’s booming Price Corridor continues to grow, area homebuyers are driving a new demand for luxury urban living which is fueling new developments like The Cays at Downtown Ocotillo,…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed $41.4 million in deals recently. Value-Add Multi-Housing Asset Sold by IPA in Phoenix IPA announced the sale of Sonoma…
Broadstone Arts District, a work of art in its own right, will be giving three lucky artists the chance of a lifetime to live rent-free for four months while developing…
P.B. Bell, a leader in multifamily housing development, management and acquisitions, is marking the groundbreaking of its latest project, a resort-style community within the Ocotillo master-planned community in Chandler, Arizona.…
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $36.3 million in financing for Capital Place, a 292-unit, Class A multi-housing community in downtown Phoenix, Arizona. HFF worked…
Average U.S. multifamily rents rose $1 to $1,350 in July, according to a survey of 121 markets by Yardi Matrix. Rents were up 2.6% during the month on a year-over-year…
Despite delivering 22,952 new apartment units from 2011 to 2016, demand vastly exceeded supply by approximately 7,100 units; if based on 2016/17 population estimates which saw Maricopa rank No. 1 in…
