Commercial Real Estate

  • Sales Transactions 1. A private party purchased Copper Falls, a newly constructed, 240-unit multifamily asset in Glendale, for $72M. Steve Gebing and Cliff David, Executive Managing Directors with Institutional Property Advisors (IPA), a division of Marcus & Millichap, procured the buyer and represented the seller, ...
  • Sales Transactions 1. TruAmerica purchased The Urban, a 435-unit, garden-style multifamily community 3601 East McDowell Road, for an undisclosed amount. The seller was not disclosed. 2. An affiliate of Walton Street Capital has originated a $71.6M loan to Knightvest Capital for the purchase of Portrait ...
  • Sales Transactions  1. Tides Equities purchased Terrace Park Apartments, a 213-unit value-add apartment complex at 8130 W. Indian School Road, Phoenix, for $37.86M, from Western Wealth Capital. NorthMarq’s Phoenix investment sales team of Trevor Koskovich, Bill Hahn, Jesse Hudson, and Ryan Boyle brokered the sale.  2. Taylor Morrison bought 165.78 ...

Trends

Trends

Input Prices Up Again in May

By Associated Builders and Contractors Construction input prices increased 4.6 percent in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index

Trends

Phoenix Ranks 11th for Net-lease Investment

By CBRE Investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust sentiment, 1031 exchange requirements, increased interest in office assets as return-to-the-workplace plans gained momentum and, despite COVID-19-related