azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Leases and Sales (December 1, 2013 to January 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Multifamily Sales

1. Scottsdale Springs, Scottsdale
644 units;$53.65M
Buyer: Abacus Capital Group LLC
Seller: The Related Companies
Listing Brokers: Sean Cunningham and Tyler Anderson, CBRE

2. BelaRosa, Anthem
354 units; $40.2M
Buyer: Weidner Property Management
Seller: The Greystone Group, LLC/Westfield Company, Inc.
Listing Brokerage: Hendricks & Partners

3. San Marquis, Tempe
224 units; $32,254,858
Buyer: Dewey Land Company, Inc.
Seller: Mark-Taylor Residential Inc.

4. The Coves at Newport, Glendale
480 units; $30.75M
Buyer: Henderson Global Investors
Seller: Fannie Mae
Listing Brokerage: CBRE

5. Rancho Santa Fe, Glendale
270 units; $12,079,419
Buyer: Bean Investment Real Estate
Seller: Genibel, LLC
Buying Broker: Jack Hannum