• Urban Core Phoenix Multifamily Asset Sold by IPA for $26.1 Million

    Urban Core Phoenix Multifamily Asset Sold by IPA for $26.1 Million0

    PHOENIX, Sept. 16, 2019 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Legacy Bungalows, a 200-unit multifamily asset in Phoenix. The property sold for $26.1 million, which equates to $130,500 per unit. “Located adjacent to Downtown Phoenix, Legacy Bungalows presents new ownership with a prime opportunity to deploy a tiered unit

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  • CBRE Handles Sale of Summerly at Zanjero Apartments for $78.5 Million

    CBRE Handles Sale of Summerly at Zanjero Apartments for $78.5 Million0

    CBRE has arranged the sale of the 340-unit Class A multifamily community Summerly at Zanjero on behalf of Fore Property to a private investor for $78.5 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Fore Property. Located at 7375 N. Zanjero Boulevard in the

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  • Berkadia Completes $16 Million Sale of Multifamily  Property

    Berkadia Completes $16 Million Sale of Multifamily Property0

    PHOENIX, ARIZ. – Berkadia announced today the $16 million sale of Sonoma Heights, a garden-style multifamily property in Mesa, Arizona. Senior Director Dan Cheyne and Senior Managing Directors Mark Forrester and Ric Holway of Berkadia’s Phoenix office led the sale on behalf of the seller, Scottsdale, Arizona-based ReNue Properties. The buyer was Westgrove Partners, based in

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  • Marcus & Millichap Arranges the Sale of The ViBE on Thomas

    Marcus & Millichap Arranges the Sale of The ViBE on Thomas0

    PHOENIX, ARIZ. – 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 The ViBE on Thomas, a 100-unit multihousing community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $8,450,000.

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  • Trillium 44 Apartments Sell for $56 Million

    Trillium 44 Apartments Sell for $56 Million0

    PHOENIX, ARIZ. – CBRE has arranged the sale of the 297-unit Class A multifamily community Trillium 44 on behalf of Trillium Residential to an affiliate of the ConAm Group for $56 million.  CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Trillium Residential. Located at 111 N. Dupont Circle in central Phoenix, Trillium 44

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  • CBRE Arranges Sale of The Edge Apartments for $57.3 Million

    CBRE Arranges Sale of The Edge Apartments for $57.3 Million0

    Phoenix, Ariz. – CBRE has arranged  the sale of the 380-unit multifamily community The Edge on behalf of Baron Properties to Tides Equities LLC for $57.3 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Baron Properties. Brian Eisendrath and Cameron Chalfant of CBRE Debt

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