February saw some big deals, especially in the multifamily market and AZRE compiled this list of the Top 10 commercial real estate deals by price, according to data from Cushman & Wakefield Research.
1. Optima Sonoran Village
6895 E. Camelback Rd., Scottsdale
900,347 SF; $200,000,000
Buyer: Principle Real Estate Investors
Seller: Optima, Inc
Brokerage: N/A
Sector: Multifamily
2. Red Mountain Villas
815 N. 52nd St., Phoenix
592,374 SF; $110,000,000
Buyer: Knightvest Capital
Seller: Weidner Property Management
Brokerage: Marcus & Millichap
Sector: Multifamily
3. Broadstone Fashion Center
555 S. Galleria Way, Chandler
298,820 SF; $84,000,000
Buyer: Starlight Investments
Seller: Alliance Residential Company
Brokerage: N/A
Sector: Multifamily
4. Central Arts Plaza
1850 N. Central Ave., Phoenix
485,687 SF; $80,700,000
Buyer: D.L. Long Properties
Seller: Morgan Stanley & Co
Brokerage: CBRE
Sector: Office
5. Vela at Town Lake
555 N. College Ave., Tempe
254,354 SF; $73,000,000
Buyer: Pacific Development Partners
Seller: Transwestern
Brokerage: CBRE
Sector: Multifamily
6. Carlyle at South Mountain
5151 E. Guadalupe Rd., Phoenix
569,876 SF; $58,850,000
Buyer: Western Wealth Capital
Seller: FPA Multifamily
Brokerage: Cushman & Wakefield
Sector: Multifamily
7. Aldea at Estrella Falls
2400 N. Bullard Ave., Goodyear
328,244 SF; $53,136,000
Buyer: N/A
Seller: N/A
Brokerage: CBRE
Sector: Multifamily
8. Sky at P83
14300 N. 83rd Ave., Peoria
270,404 SF; $46,750,000
Buyer: CVG Properties
Seller: N/A
Brokerage: CBRE
Sector: Multifamily
9. San Palmas
1111 N. Mission Park Blvd., Chandler
241,432 SF; $43,200,000
Buyer: Continental Realty Advisors
Seller: N/A
Brokerage: N/A
Sector: Multifamily
10. El Dorado Tech Center
2299 W. Obispo Ave., Gilbert
180,480 SF; $39,000,000
Buyer: El Dorado Operating Company LLC
Seller: Walton Street Capital, LLC
Brokerage: Newmark Knight Frank
Sector: Office
