• Hines and Joint Venture Partner Close on Land to Develop Luxury Apartments in North Phoenix

    Hines and Joint Venture Partner Close on Land to Develop Luxury Apartments in North Phoenix0

    Hines, the international real estate firm, along with a joint venture partner, announced today it has closed on 11 acres, to develop a 325-unit luxury for-rent residential property in north Phoenix. Hines’ multifamily property, located at the northwest corner of Happy Valley Road and 35th Avenue, will consist of six, three-story buildings. An additional one-story building will include a clubhouse and fitness amenity that surrounds the pool. In total, Hines will develop 318,000 square feet. Hines’ announcement comes on the heels of

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  • Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development

    Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development0

    Tower Capital, an independent structured finance firm, successfully arranged $20,121,000 in development financing for a Home2 Suites by Hilton in Mesa, Arizona. This deal puts Tower Capital at nearly $200 million in arranged financing for Q1 this year, marking the company’s most successful first quarter since its inception in 2015. The 111-key hotel property will

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  • IPA Sells West Sixth, 625-Bed Student Housing Asset at ASU, for $123 Million

    IPA Sells West Sixth, 625-Bed Student Housing Asset at ASU, for $123 Million0

    Institutional Property Advisors (IPA) a division of Marcus & Millichap (NYSE: MMI), announced today the sale of West Sixth, a core-plus, condo-quality 375-unit/625-bed student housing community located just steps from Arizona State University (ASU) in Tempe, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $123,000,000. Peter Katz, IPA Executive Managing

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