• SunTrust, now Truist, Originates $52 Million Loan for Multifamily Property in Tempe

    SunTrust, now Truist, Originates $52 Million Loan for Multifamily Property in Tempe0

    Truist Financial Corporation today announced that SunTrust now Truist, Commercial Real Estate, originated a $52 million balance sheet loan for Tides at South Tempe, a 442-unit multifamily property in Tempe, Arizona.  The project is a joint venture between Tides Equities and FCP®.  The joint venture is served by a complementary team from Truist, including: Jonathan White,

    READ MORE
  • ABI Multifamily Brokers North Central Phoenix Apartment Community for $3.95 Million

    ABI Multifamily Brokers North Central Phoenix Apartment Community for $3.95 Million0

    ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $3,950,000 / $141,071 per Unit / $196.91 per SF sale of Turney Place Apartments, a 28-unit garden-style property in Phoenix. Built in 1960, Turney Place Apartments presents a great future redevelopment opportunity on 2+/- gross acres of land. The apartment community consists of

    READ MORE
  • West Central Phoenix Multifamily Asset Sale Brokered by Marcus & Millichap

    West Central Phoenix Multifamily Asset Sale Brokered by Marcus & Millichap0

    Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $20.7 million sale of Desert Willow, a 280-unit multifamily property in Phoenix, Arizona. Pete Te Kampe, first vice president investments in Marcus & Millichap’s Phoenix office, had the exclusive listing to

    READ MORE