• Tower Capital Arranges $26.1M for Two Multifamily Properties

    Tower Capital Arranges $26.1M for Two Multifamily Properties0

    Despite volatility in the marketplace caused by the COVID-19 pandemic, Tower Capital, an independent structured finance firm, arranged two acquisition loans totaling $26,190,000 for multifamily properties in Phoenix.  Tower Capital arranged $21.5M for San Marina, a 400-unit, affordable housing apartment complex featuring gated access, a heated swimming pool, spa, basketball court, on-site laundry facility, and covered

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  • NorthMarq Sells and Finances Rancho Del Mar Apartments for $19.1 Million During Challenging Market Conditions

    NorthMarq Sells and Finances Rancho Del Mar Apartments for $19.1 Million During Challenging Market Conditions0

    Rancho Del Mar Apartments, 312-units located near Campbell Avenue and South of Drexel Road in Tucson, sold on March 23 for $19,100,000. NorthMarq’s Phoenix Investment Sales team led by Trevor Koskovich, president; Jesse Hudson, vice president; and Bill Hahn, executive vice president, brokered the sale and represented both buyer and seller in this transaction.  

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  • NKF Closes $14.3 Million Sale of Glendale Multifamily Property

    NKF Closes $14.3 Million Sale of Glendale Multifamily Property0

    Newmark Knight Frank (NKF) Multifamily announces the $14.3 million sale of Royal Palms, located at 5902 West Royal Palm Road in Glendale, Arizona. Senior Managing Director Brett Polachek, Director Chris Canter and Executive Managing Director Brad Goff represented the seller, 5902 Royal Palms LP, in the sale of the 138-unit property to an undisclosed buyer.

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  • Marcus & Millichap Arranges the Sale of 1934 Fairmount, an 8-Unit Apartment Community in Phoenix

    Marcus & Millichap Arranges the Sale of 1934 Fairmount, an 8-Unit Apartment Community in Phoenix0

    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 1934 Fairmount, an eight-unit apartment community located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,050,000. Paul Bay, investment specialist in Marcus

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  • Christopher Todd Communities Sells Five Innovative Rental Communities

    Christopher Todd Communities Sells Five Innovative Rental Communities0

    Christopher Todd Communities has announced the sale of five of their branded, innovative, luxury, single-family home rental communities in the Phoenix metro area. This purchase was facilitated by Inland Real Estate Acquisitions, LLC on behalf of an affiliate of The Inland Real Estate Group of Companies, Inc. (“Inland”).  Christopher Todd Communities On Greenway in Surprise, Christopher

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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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