• Midtown Phoenix Multifamily Asset Sold by Institutional Property Advisors for $78.5 Million

    Midtown Phoenix Multifamily Asset Sold by Institutional Property Advisors for $78.5 Million0

    Phoenix, Arizona – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Parc Midtown, a 306-unit apartment complex in Phoenix, Arizona. The $78.5 million sales price equates to $256,536 per unit. “Influenced by the recognizable architecture of Midtown Phoenix’s former Mercedes Benz dealership, Parc Midtown is emblematic

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  • CBRE Handles Sale of Avenue 25 Apartments

    CBRE Handles Sale of Avenue 25 Apartments0

    Phoenix, Arizona – CBRE has arranged the sale of the 254-unit multifamily community Avenue 25 on behalf of Millburn & Company to Bluerock Real Estate. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Millburn & Company. Rocco Mandala of CBRE Multifamily Debt & Structured Finance

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  • Constellation Communities Unveils New Arcadia Community

    Constellation Communities Unveils New Arcadia Community0

    Phoenix, Arizona – WestStone Group and Constellation Communities are pleased to announce the opening of Lyra Residences, a new community located in the vibrant Arcadia neighborhood. The new community features 18 three bedrooms and two-and-one-half bath residencies at 1,760 square feet starting at $2,500 per month. Intelligently designed, each unit features comfortable features including attached

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  • Union @ Roosevelt Sells to Chicago Investor for $27 Million

    Union @ Roosevelt Sells to Chicago Investor for $27 Million0

    Mixed-Use, Class “A” Community is a Focal Point of Downtown’s Roosevelt Row Phoenix, Arizona – Union @ Roosevelt, a recently developed mixed-use project within the popular Roosevelt Row district of Downtown, has been sold to a Chicago-based investor for $27 million.  Located at 888 N. 1st Ave., features 80 luxury, mid-rise apartments with 9,100 square

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  • Sonesta on University Apartments Sell for $43.6 Million

    Sonesta on University Apartments Sell for $43.6 Million0

    Phoenix, Arizona – CBRE has arranged the sale of the 212-unit multifamily community Sonesta on University on behalf of Knightvest Residential to Western Wealth Capital (WWC) and its investor partners for $43.6 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Knightvest Residential. Located at

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  • Berkadia Completes $42.6 Million Sale and Secures Nearly $28 Million in Financing for Multifamily Property

    Berkadia Completes $42.6 Million Sale and Secures Nearly $28 Million in Financing for Multifamily Property0

    Phoenix, Arizona – Berkadia today announced the sale of and financing secured for Avilla Town Square, a 152-unit multifamily property in Gilbert, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office, along with Senior Managing Director Art Wadlund and Director Clint Wadlund of the Tucson, Arizona

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