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  • Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert

    Pioneering Design-Driven, Green Building for Luxury Multi-Housing in the Arizona Desert

    From Vertical Landscape Systems to Acres of Rooftop Gardens, Optima Debuts “Next Evolution” of Design Innovations SCOTTSDALE, ARIZ. – One Scottsdale developer, widely credited as pioneering modern, sustainable multifamily residential buildings in Arizona 15 years ago, is debuting the next evolution of the company’s award-winning, green-building design at its newest luxury condominium tower that is under

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  • IPA Brokers $24 Million North Phoenix Apartment Sale

    IPA Brokers $24 Million North Phoenix Apartment Sale

    PHOENIX, ARIZ. – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sterling on 28th, a 224-unit multifamily asset in North Phoenix. The $24 million sales price equates to $107,143 per unit. “The property received an initial round of renovations that have added to its desirability and new ownership inherits the

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  • Lee & Associates brokers sale of 70 acres in Mesa for $12.7 Million

    Lee & Associates brokers sale of 70 acres in Mesa for $12.7 Million

    MESA, ARIZ. – Lee & Associates Arizona announces the sale of a highly desirable 70-acre, mixed-use site in Mesa, AZ for $12.7 million. Brent Moser and Mike Sutton, principals at Lee & Associates handled the transaction on behalf of the seller, an entity of Prudential. The buyer is Bela Flor, LLC, also from Mesa, with Hudd

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  • Radius Apartments Sells for $4.45 Million in Phoenix

    Radius Apartments Sells for $4.45 Million in Phoenix

    PHOENIX, ARIZ. – Surrounded by several apartment complexes in the area, Radius Apartments exchanges ownership to S Realty Inc. in Phoenix.  SVN Desert Commercial Advisors represented the buyer in the sale transaction. The SVN multifamily team, led by Carrick Sears and co-brokers Vicente Cantua and Kevin Weller worked with long-time SVN client to identify another sale

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  • LevRose Commercial Real Estate Finalizes Multi-Million Dollar Property Acquisition

    LevRose Commercial Real Estate Finalizes Multi-Million Dollar Property Acquisition

    SCOTTSDALE, ARIZ. — LevRose Commercial Real Estate, a leading Scottsdale based commercial real estate brokerage firm closed the sale of a commercial project with a residential component in the heart of Old Town Scottsdale for $4 million. Located at 4201 N. Marshall Way, the sale was facilitated by Mark Cassell and Trenton McCullough of LevRose

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  • SimonCRE Purchases and Plans to Redevelop Former Safeway-Anchored Center

    SimonCRE Purchases and Plans to Redevelop Former Safeway-Anchored Center

    PHOENIX, ARIZ.– SimonCRE closed on a former Safeway-anchored shopping center, Park Northern, located at the northeast corner of 35th and Northern avenues in Phoenix, Ariz. The former Safeway burned down in a fire last July, due to storm damage causing a roof collapse and broken gas line. Now, one year later, SimonCRE is set to redevelop

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