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ABI Multifamily Brokers 160-Unit Northwest Phoenix Apartment Community for $24.25 Million
- Multifamily
- January 20, 2021
ABI Multifamily – the leading multifamily brokerage and advisory services firm in the Western US – is pleased to announce the $24.25 million / $151,563 Per Unit / $204.66 per square foot sale of Pointe Vista Apartments, a 160-unit multifamily apartment property located in Phoenix, Arizona. Built in 1981, the property is constructed of wood
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McShane Begins Construction on New Multi-Family Community in Gilbert
- Multifamily
- January 20, 2021
Crescent Communities has selected McShane Construction Company to provide construction services for NOVEL Val Vista. Located in Gilbert, Arizona, the new multi-family community will contain 317 units. “We’re thrilled to work on another multi-family development in Phoenix,” shared Jim Kurtzman, Senior Vice President at McShane. “NOVEL Val Vista is one of eight multi-family projects we
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156-Lot Residential Development Site in Maricopa County, AZ Sells for $5,156,000
- Latest News
- January 20, 2021
Terravista, a 156-lot residential development site located at Rooks Road and MC-85, SEC in Buckeye, Arizona, has sold for $5,156,000. The seller Marbuck, LLC was represented in the transaction by Kidder Mathews commercial real estate broker Brian Rosella. The buyer was LGI Homes, a Texas-based builder of new construction homes and housing developments. Terravista is
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Cushman & Wakefield Brokers Sale of New 263,000 SF Class A Industrial Facility for $43.1 Million in Goodyear
- Industrial
- January 20, 2021
Cushman & Wakefield announced today the firm has advised the sale of a newly constructed 263,606-square-foot industrial distribution/warehouse facility in Goodyear, Arizona for $43.1 million. Built in 2019, the building located at 17017 W Indian School Rd in the Phoenix MSA is fully leased to a single international credit tenant, one of the world’s leading
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2020 Marks Best Year for Industrial Market in Phoenix History
- Industrial
- January 20, 2021
The Greater Phoenix industrial market posted its largest amount of net absorption in history during 2020. The city posted 13.9 million square feet of net absorption during 2020, 7.0 million of which were absorbed in fourth quarter. The surge in demand has been created by out-of-state companies entering the Arizona market, as well as increased
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National Multifamily Developer ZOM Living Enters Phoenix, Arizona Market
- Multifamily
- January 20, 2021
ZOM Living, one of the nation’s largest developers of multifamily housing, has acquired a portfolio of four parcels totaling 33 acres in Phoenix and Scottsdale with plans to deliver thousands of new apartment units over the coming years. The Florida-based firm intends to build up to 1,600 luxury units as part of a first phase
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Executive Updates
