• Berkadia Completes $21M Sale of Tides on Broadway

    Berkadia Completes $21M Sale of Tides on Broadway0

    PHOENIX, ARIZ. – Berkadia today announced the $21 million sale of Tides on Broadway, a 155-unit garden-style multifamily property in Mesa, Arizona. Senior Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia’s Phoenix office secured the sale on behalf of the seller, Los Angeles-based Tides Equities LLC. The buyer was Denver-based

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  • Marcus & Millichap Arranges the Sale of Indian Villa, a 10-Unit Apartment Property

    Marcus & Millichap Arranges the Sale of Indian Villa, a 10-Unit Apartment Property0

    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 Indian Villa, a 10-unit apartment property located in Phoenix, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,550,000. Paul Bay, investment specialist in

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  • NorthMarq sold Pinecliff Village apartments for $21.35 Million

    NorthMarq sold Pinecliff Village apartments for $21.35 Million0

    PHOENIX, ARIZ. – The 132-unit Pinecliff Village Apartments, a multifamily housing community located at 1105 East Ponderosa Parkway, sold this month for $21,350,000. The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction.   The buyer was FPA Multifamily, LLC, headquartered in Irvine,

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  • Newly Renovated 95-Unit Apartment Complex in Old Town Scottsdale Sells for $18.3 Million

    Newly Renovated 95-Unit Apartment Complex in Old Town Scottsdale Sells for $18.3 Million0

    Phoenix, Ariz. – Cushman & Wakefield announced that Michigan-based Winfield Apartments of Scottsdale, LLC (Farhad Shokoohi, Principal) purchased The Winfield of Scottsdale, located at 8021 East Osborn Road in Scottsdale, Arizona, for $18.3 million/$192,632 per unit, from Scottsdale-based Winfield Apartments, LLC (Tanner Bickelhaupt, Principal). Built in 1969 and located in Old Town Scottsdale, The Winfield

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  • Biscayne Bay Apartments Sold for $110.25 Million

    Biscayne Bay Apartments Sold for $110.25 Million0

    CBRE arranged the sale of the 512-unit multifamily community Biscayne Bay on behalf of Everest Holdings to San Diego-based MG Properties for $110.25 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Everest Holdings. Financing was arranged by Rocco Mandala of CBRE Debt & Structured

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  • New Multifamily Development Coming to Roosevelt Row Arts District

    New Multifamily Development Coming to Roosevelt Row Arts District0

    Phoenix, Ariz. – Cushman & Wakefield announced that an entity formed by Phoenix-based Alliance Residential purchased 1.527 acres within the Roosevelt Row Arts District at the northeast corner of 3rd Street and Portland Street in Phoenix for $6.45 million. David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller, Edgehill Investments (Ryan &

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