CBRE reports two multifamily transactions totaling $7.3M

CBRE has negotiated the following multi-family sales transactions:

• Calgary, Alberta, Canada-based Coastal Properties, Ltd. has purchased Mountain View Apartments, a 150-unit multifamily property located at 333 E. Van Buren St. in Avondale, Ariz., from, RND4, LLC of Irvine, Calif. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the buyer and seller in negotiating the $6.3 million transaction.

 

• • Jones X 30, LLC of Chandler, Ariz. has purchased Revival on 5^th Apartments, a 12-unit multifamily property located at 3611 N. 5^th Ave. in Phoenix, from Revival on 5^th, LLLP of Phoenix. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $1.025 million transaction.