• IPA Sells $37.2 Million Apartment Complex in Central Phoenix

    IPA Sells $37.2 Million Apartment Complex in Central Phoenix0

    Pheonix, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Monterra Apartment Homes, a 258-unit multifamily property in Phoenix, Arizona. The complex sold for $37.2 million, which equates to $144,186 per unit. “Drawn to the area by the increasing number of well-paying jobs, the Valley’s

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  • The Grove on Palm Lane in Phoenix Closes for $11.35 Million

    The Grove on Palm Lane in Phoenix Closes for $11.35 Million0

    Phoenix, Ariz. – Commercial Properties, Inc./CORFAC International (CPI), Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the sale of The Grove on Palm Lane.  Comprised 75,360 square feet, this multifamily property sold for $11.35 million ($150.61 PSF).  The property was completed in 2018 and is located on the northwest corner of

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  • NorthMarq Closes Solstice at Arcadia Apartments for $26.6 Million

    NorthMarq Closes Solstice at Arcadia Apartments for $26.6 Million0

    Phoenix, Ariz. – Solstice at Arcadia Apartments, located at 5401 East Thomas Road in Phoenix, sold this month for $26,600,000.  The NorthMarq Multifamily team of Bill Hahn, Trevor Koskovich, and Jesse Hudson represented both the seller and the buyer in this transaction. Tides at East Arcadia Owner, LLC, an entity form by Tides Equities, of

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