There’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 Sales (June 1, 2014 to July 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Multifamily Sales

1. Broadstone Camelback, Phoenix
220,280 SF; 270 units; $74.75M
BUYER: Heitman LLC
SELLER: Alliance Residential Company
Listing BrokerS: Tyler Anderson, Sean Cunningham, Matt Pesch and Asher Gunter, CBRE

2. Parcland Crossing, Chandler
518,365 SF; 383 units; $65M
BUYER: Pillar Communities, LLC
SELLER: Mark-Taylor Residential, Inc.
Listing Brokerage: CBRE

3. The Station on Central, Phoenix
419,212 SF; 414 UNITS; $53M
BUYER: HSL Properties, Inc.
SELLER: Baron Properties
Listing Brokerage: Apartment Realty Advisors

4. Verano Townhomes, Phoenix
435,840 SF; 360 units; $49M
SELLER: Cornerstone Real Estate Funds
Listing Brokerage: CBRE

5. Block 1949, Tempe
264,555 SF; 225 units; $38.7M
BUYER: Consolidated Investment Group, LLC
SELLER: Situs Holdings, LLC
Listing Brokerage: JLL