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  • Institutional Property Advisors Brokers $91 Million Multifamily Sale in Suburban Phoenix

    Institutional Property Advisors Brokers $91 Million Multifamily Sale in Suburban Phoenix

    Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI),  announced today the sale of Riata, a newly constructed, 300-unit apartment complex in Chandler, Arizona. The property sold for $91 million, or $303,333 per unit. “The acquisition of Riata was the culmination of an exhaustive search for a best-in-class multifamily asset to purchase following the sale of

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  • Logan Mather Joins Newmark as Head of Arizona’s Property Management Division

    Logan Mather Joins Newmark as Head of Arizona’s Property Management Division

    Newmark announces that Logan Mather has joined the firm as Director of Management Services to provide strategic oversight of the firm’s property management operations in Arizona. Based in the Phoenix office, Logan will be responsible for business development, profit and loss management, team training and development and client relations. “We are very excited to welcome

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  • The Related Group Breaks Ground on First Project in Arizona

    The Related Group Breaks Ground on First Project in Arizona

    The Related Group, an international developer known for its sophisticated metropolitan ‘for-sale’ condominiums, rental and mixed-use projects, announced the groundbreaking of their first multi-family project in Arizona called The Manor Scottsdale. Located at 13220 N. Scottsdale Rd. in Scottsdale, Ariz., the 286-unit upscale multi-family residential apartment homes will be conveniently situated between Scottsdale Quarter and

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  • Joint Venture of PCCP, LLC and F&B Capital Acquires District at Chandler

    Joint Venture of PCCP, LLC and F&B Capital Acquires District at Chandler

    A joint venture of PCCP and F&B Capital has acquired District at Chandler, a newly developed, 340-unit Class A multifamily asset located at 2222 West Frye Road in Chandler, AZ. The District at Chandler is a newly built, elevator served multifamily project that is located one-mile from the Loop 101 and 202 freeways, two primary arteries

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  • Westcore Breaks Ground on Three-Building Industrial Park in Avondale

    Westcore Breaks Ground on Three-Building Industrial Park in Avondale

    Westcore, a leading industrial real estate acquisition, development and asset management firm, broke ground this month on a 720,000-square-foot, three-building industrial campus. Named Fairway 10, the campus is located on 51 acres of land at 199th Ave. and the soon-to-be-opened new Fairway Drive interchange on the heavily trafficked Interstate 10 in Avondale, Arizona. Westcore teamed with The

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  • Phoenix Proves “Most Resilient Condo Market” in Wake of COVID-19

    Phoenix Proves “Most Resilient Condo Market” in Wake of COVID-19

    Leading multifamily developer Optima announced this week that the newest tower within its $500 million Optima Kierland development, 7180 Optima Kierland, is now 85 percent sold as it averages 4.5 sales per month, making it among the top two fastest-selling luxury condominium developments on the West Coast. As the housing market in Arizona continues strong sales

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