• Orange Creek Apartments in Glendale, Ariz. Sell for $13.3 Million

    Orange Creek Apartments in Glendale, Ariz. Sell for $13.3 Million0

    PHOENIX, ARIZ. – CBRE has arranged the $13.3 sale of Orange Creek Apartments in Glendale, Ariz. Bear Holdings Group, LLC acquired the 142-unit garden-style apartment community from Warranty Property Management, LLC. Brian Smuckler, Jeff Seaman and Bryson Fricke with CBRE in Phoenix represented the buyer and seller in the transaction. Built in 1985, the property is comprised

    READ MORE
  • The Astor at Osborn Officially Opens

    The Astor at Osborn Officially Opens0

    Premier, Walkable Residential Community Adjacent to New Shopping Destination in Midtown Phoenix Ready for Occupancy PHOENIX, ARIZ – High Street Residential and MetLife Investment Management announce that The Astor at Osborn is officially open and ready for occupancy. The 5-story, Class A residential building features 191 residences ranging in size from 583-to-1,358 square feet –with a 5-story

    READ MORE
  • IPA Sells $27 Million Phoenix-Area Multi-Housing Asset

    IPA Sells $27 Million Phoenix-Area Multi-Housing Asset0

    MESA, Ariz., May 15, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Verde Dimora, a 153-unit multifamily asset in Mesa, Arizona. The sales price is $27 million, which equates to $176,470 per unit. “Verde Dimora gives residents optimal access to the rapidly expanding professional landscape of northeast Mesa and

    READ MORE
  • Berkadia Completes $39.75 Million Sale of Multifamily Property in Arizona

    Berkadia Completes $39.75 Million Sale of Multifamily Property in Arizona0

    PHOENIX, ARIZ. – Berkadia today announced the $39.75 million sale of Modern on the Rail, a 488-unit garden-style multifamily property in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office secured the sale on behalf of the seller, California-based Modern Residential Company. The buyer was California-based

    READ MORE
  • $26 Million Suburban Phoenix Multifamily Asset Sale Brokered by IPA

    $26 Million Suburban Phoenix Multifamily Asset Sale Brokered by IPA0

    PEORIA, ARIZ. – May 13, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Modern on Peoria, a 216-unit multifamily asset in Peoria, Arizona. The property sold for $26 million, which equates to $120,370 per unit. “Modern on Peoria is in a well-positioned niche atop the competitive set of properties built in

    READ MORE
  • Vestis Group Completes Sale of Camelback Corridor Phoenix Apartments for $3 Million

    Vestis Group Completes Sale of Camelback Corridor Phoenix Apartments for $3 Million0

    Vestis Group completed the sale of two adjacent apartment complexes, totaling 16 multifamily units, located at 4401 N 21st Street and 4405 N 21st Street, in the Biltmore-area of Phoenix, for $3,000,000 or $187,500 per unit. PHOENIX, ARIZ. – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of two adjacent phoenix

    READ MORE