CBRE Negotiates Sale of Alta Paradise Ridge

 CBRE Group, Inc., has arranged the sale of Alta Paradise Ridge, a 278-unit, Class A multifamily community located at 18220 N. 68th St. in Scottsdale.

 

Tyler AndersonSean Cunningham, Asher Gunter and Matt Pesch with CBRE’s Phoenix office represented the seller, Atlanta-based Wood Partners. The buyer was San Francisco-based DiNapoli Capital Partners.

 

“Alta Paradise Ridge is a distinctive urban community located in the preferred upscale North Scottsdale submarket with immediate access to major corporate employers as well as the Valley’s premier dining, retail and entertainment destinations,” said CBRE’s Gunter.

 

Located near Loop 101 and Scottsdale Road, the four-story, luxury multifamily community offers a mix of one-, two- and three-bedroom floor plans situated on a 5.85-acre site. Individual residences feature luxurious finishes including quartz countertops, stainless steel appliances, tile backsplash and undermount sinks. The property features an expansive clubhouse, pool area, 100% elevator-served buildings with air conditioned hallways and a rooftop lounge.

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