• IPA Brokers $41.95 Million Southeast Valley Multifamily Sale

    IPA Brokers $41.95 Million Southeast Valley Multifamily Sale0

    Phoenix, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of The Premiere at Dana Park, a 198-unit multifamily asset in Mesa, Arizona. The property sold for $41.95 million, or $211,869 per unit. “As rental demand increases and supply remains relatively unchanged, the Mesa and Gilbert

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  • Urban Core Phoenix Apartment Complex Sold by IPA for $52 Million

    Urban Core Phoenix Apartment Complex Sold by IPA for $52 Million0

    Phoenix, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Alta Midtown, a 225-unit apartment complex in Midtown Phoenix. The property sold for $52 million, which equates to $231,111 per unit. “Alta Midtown satisfies the demand of young urban professionals for highly amenitized transit-oriented apartment

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  • NorthMarq sells Maravilla Apartment Community for $37 Million

    NorthMarq sells Maravilla Apartment Community for $37 Million0

    Phoenix, Ariz. – Maravilla Apartments, located at 13621 West Glendale Avenue in Glendale, Arizona sold this month for $37,000,000.  The NorthMarq Multifamily team of Trevor Koskovich, Jesse Hudson, and Bill Hahn represented both the seller and the buyer in this transaction. Keller Investment Properties, LLC of Layton, Utah were the buyers. Jim Pierson, Keaton Merrell

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