• Bascom Arizona Ventures Buys Tempe Apartment Community for $11.5 Million

    Bascom Arizona Ventures Buys Tempe Apartment Community for $11.5 Million0

    Phoenix, Arizona – Bascom Arizona Ventures, LLC has purchased the Dolce Villagio rental townhome community at 202 S. Hardy Dr. in Tempe for $11,500,000.  The company plans to modernize and reposition the property, which is close to Arizona State University. “The Dolce Villagio townhomes are in one of the most dynamic submarkets in the state,

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  • Berkadia Secures $39 Million in Financing for Multifamily Property

    Berkadia Secures $39 Million in Financing for Multifamily Property0

    Phoenix, Arizona – Berkadia today announced $39 million in secured financing for Tides on Thunderbird, a garden-style multifamily property in Phoenix, Arizona. Jonathan Pratt and Rossana Bouchaya of Berkadia’s D.C. Metro office along with Chris Ellis of Berkadia’s Denver office together secured the acquisition financing on behalf of Utah-based NorthRock Companies. The deal closed on

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  • Marcus & Millichap Arranges the Sale of a 20-Unit Apartment Community in Peoria

    Marcus & Millichap Arranges the Sale of a 20-Unit Apartment Community in Peoria0

    Peoria, Arizona – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Monroe Arms, a 20-unit apartment community located in Peoria, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,575,000.

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  • Berkadia Completes $27 Million Sale of Multifamily Property in Phoenix

    Berkadia Completes $27 Million Sale of Multifamily Property in Phoenix0

    Phoenix, Arizona – Berkadia today announced the sale of Del Mar, a 144-unit garden-style multifamily property in Phoenix. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office completed the $27 million sale on behalf of the buyer, California-based Storm Properties, Inc. The seller was RK Del Mar

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  • CBRE Handles $11.2 Million Sale of Riverview Park Apartment Community in Mesa

    CBRE Handles $11.2 Million Sale of Riverview Park Apartment Community in Mesa0

    Phoenix, Arizona – CBRE has arranged the $11.2 million sale of the 69-unit Riverview Park apartment community in Mesa, Arizona. Delaware-based SPRE Riverview, LLC acquired the property from Riverview at Wrigleyville West, L.P., an Arizona limited partnership. Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the buyer and the

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  • Western Wealth Capital and PGIM Real Estate Acquire Tempe Apartment Building

    Western Wealth Capital and PGIM Real Estate Acquire Tempe Apartment Building0

    Tempe, Arizona – Western Wealth Capital (WWC), a growth-oriented real estate investment company, and PGIM Real Estate, the real estate investment business of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), today announced the acquisition of Sonesta on University, a 212-unit apartment community in Tempe, Ariz. Sonesta on University

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