• 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

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  • $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

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  • 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

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