January 11, 2021


CBRE sells 156-unit Royal Village in Glendale for $19.8M

CBRE has facilitated the sale of Royal Village, a 156-unit apartment community in Glendale, Ariz., for $19.8 million.

Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the seller, G&B Investments, LLC, and the buyer, Tides Equities LLC, in the transaction.

The community is located four blocks West of I-10 and just North of Northern Avenue. Residents benefit from nearby access to the Interstate-17 and Route 60 employment corridors, the Phoenix Metro bus system and Downtown Glendale. The property is located within 15 minutes of the Westgate Entertainment District, Gila River Arena and the University of Phoenix

The CBRE team completed 45 transaction in 2020 with over $221 million in consideration throughout Metro Phoenix.