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  • First Atari® Hotel to Begin Construction in Phoenix in Mid-2020

    First Atari® Hotel to Begin Construction in Phoenix in Mid-2020

    Atari® — one of the world’s most iconic consumer brands and entertainment producers — today announced a deal with GSD Group — a leading innovation and strategy agency, led by founder Shelly Murphy and partner Napoleon Smith III — to acquire the rights to build video game-themed Atari Hotels in the United States, with the

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  • Constellation Communities Unveils New Arcadia Community

    Constellation Communities Unveils New Arcadia Community

    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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  • Phoenix Commercial Advisors Sells The Collective Shops

    Phoenix Commercial Advisors Sells The Collective Shops

    Tempe shops close at $8,328,000, $560 PSF TEMPE, Arizona – Phoenix Commercial Advisors facilitated the sale of The Collective Shops, six-tenant shops in the heart of Tempe, Ariz., shadow-anchored by Alamo Drafthouse Cinema. The property, located on 2.59 acres on the northeast corner of Rural and Baseline roads at 1120 and 1128 E. Baseline Road, sold for

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

    Union @ Roosevelt Sells to Chicago Investor for $27 Million

    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 Million

    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 Property

    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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