• $65.4 Million Suburban Phoenix Multifamily Sale Brokered by IPA

    $65.4 Million Suburban Phoenix Multifamily Sale Brokered by IPA0

    AVONDALE, ARIZ., July 17, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Aventura, a 408-unit multifamily property in Avondale, Arizona. The property sold for $65.4 million, which equates to $160,294 per unit. “Aventura is a Class A multifamily asset with a timeless architectural design, stylishly appointed apartment homesand direct walkability to nearly

    READ MORE
  • Southern Arizona Multifamily Asset Sold by IPA for $37.75 Million

    Southern Arizona Multifamily Asset Sold by IPA for $37.75 Million0

    TUCSON, ARIZ. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Domain 3201, a 289-unit multifamily asset in the Casas Adobes area of suburban Tucson. The property sold for $37.75 million, or $130,623 per unit. “Situated within the affluent desert landscape of the Casas Adobes region, Domain 3201 gives residents

    READ MORE
  • NorthMarq sold and financed the 436-unit Park at Deer Valley Apartments

    NorthMarq sold and financed the 436-unit Park at Deer Valley Apartments0

    Phoenix, ARIZ. – Park at Deer Valley Apartments, a multifamily housing community located near 19thAvenue and Bell Road, sold this month for $56.7 million.  The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction.   The buyer acquired the asset with a

    READ MORE
  • Marcus & Millichap Arranges the Sale of Franmar Manor Apartments

    Marcus & Millichap Arranges the Sale of Franmar Manor Apartments0

    PHOENIX, ARIZ. – July 11, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Franmar Manor Apartments, a 78-unit multifamily community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset commanded a sales

    READ MORE
  • Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert

    Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert0

    From Vertical Landscape Systems to Acres of Rooftop Gardens, Optima Debuts “Next Evolution” of Design Innovations SCOTTSDALE, ARIZ. – One Scottsdale developer, widely credited as pioneering modern, sustainable multifamily residential buildings in Arizona 15 years ago, is debuting the next evolution of the company’s award-winning, green-building design at its newest luxury condominium tower that is under

    READ MORE
  • IPA Brokers $24 Million North Phoenix Apartment Sale

    IPA Brokers $24 Million North Phoenix Apartment Sale0

    PHOENIX, ARIZ. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sterling on 28th, a 224-unit multifamily asset in North Phoenix. The $24 million sales price equates to $107,143 per unit. “The property received an initial round of renovations that have added to its desirability and new ownership inherits the

    READ MORE