• Marcus & Millichap Arranges the Sale of 5 Properties Totaling $5.2 Million Across 106 Units

    Marcus & Millichap Arranges the Sale of 5 Properties Totaling $5.2 Million Across 106 Units0

    Tucson, Ariz. – 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 five apartment properties: Townhouse East (42-unit), Swan Crest (31-unit), Santa Fe Casitas (13-unit), Cielo Azul (12-unit), and Alta Vista (8-unit) all located in Tucson, Arizona. According

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  • Dallas Investor Purchases Chandler Apartments in First Valley Deal

    Dallas Investor Purchases Chandler Apartments in First Valley Deal1

    Phoenix, Ariz. – On behalf of JPI of Irving, Texas, Cushman & Wakefield completed the sale of Jefferson Chandler, a 283-unit Class A apartment community. RPC Chandler Apartments, LLC, an entity formed by Dallas-based Rosewood Property Company, purchased the property located at 3950 W. Chandler Boulevard in Chandler, Ariz. This is the buyer’s first purchase

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  • West Phoenix Multifamily Asset Sells for $32.25 Million

    West Phoenix Multifamily Asset Sells for $32.25 Million0

    Phoenix, Ariz. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sonoma Sol, which will berenamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold for $32.25 million, or $100,781 per unit. “The property benefits from its location near the Southwest Valley

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  • NKF Negotiates Sale of Three Separate Phoenix Multifamily Assets Totaling Nearly $10 Million

    NKF Negotiates Sale of Three Separate Phoenix Multifamily Assets Totaling Nearly $10 Million0

    Phoenix, Ariz. — Newmark Knight Frank (NKF) announces the sale of three separate multifamily assets — Gateway Towers, St. Augustine, and Crystal Creek Townhomes — in Phoenix totaling $9.72 million. NKF Senior Managing Director Ryan Ash and Director Mike Woodrick represented both the buyers and sellers in the sale of Gateway Towers and St. Augustine,

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  • $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

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  • 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

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