CBRE Multifamily Investment Group Completes Four Transactions Totaling Over $6.4 Million in Metropolitan Phoenix

CBRE has negotiated the following multi-family sales transaction(s):

• Asset Preservation, Inc. from Los Angeles, California has purchased Desert Green Apartments, a 16-unit multi-family property located at 16243-16401 North 31st Street in Phoenix, Ariz., from Dramms, LLC of Poway, California. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller in negotiating the $700,000 transaction.

• Leger Properties III, LLC from Eugene, Ore. has purchased Glenview Estates apartment complex, a 32-unit multi-family property located at 7002 North 76th Avenue in Glendale, Ariz. from George Loriente and Suzanne Loriente of Harbor City, Calif. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented the seller in negotiating the $1.9 million transaction.

• 29SC Brittany, LLC., from Chicago, Ill. has purchased The Brittany apartment complex, a 92-unit multi-family property located at 708 North Country Club in Mesa, Ariz. from Pristine Estates, LLC of Tumon, Guam. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and seller in negotiating the $3,189,680 transaction.

The Brittany

• David Eitches and Sammy Aflalo from Beverly Hills, California have purchased the Villa Schiliro apartment complex, a 21-unit multi-family property located at 3029 East Paradise Lane in Phoenix, Ariz., from Stepan S. Bebekian and Chake S. Bebekian Family Trust of Phoenix, Ariz. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both the buyer and the seller in negotiating the $646,000 transaction.

Leave a Reply

Your email address will not be published. Required fields are marked *

four × four =