Commercial Real Estate

Commercial Real Estate Transactions 10-13-20

Sales Transactions  1. Cortland Partners purchased Metropointe Apartments, a 408-unit multifamily community at 7017 S. Priest Drive, Tempe, for $96.75M. Steve Gebing and Cliff David with Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller, Rockwood Capital, and procured

Commercial Real Estate

Commercial Real Estate Transactions 10-06-20

Sales Transactions  1. A California-based buyer purchased Mountain Gate Apartments, a 132-unit multifamily community at 4602 E. Paradise Village Parkway North, Phoenix, for $22.25M, from a California-based seller. ABI Multifamily’s Alon Shnitzer, Rue Bax, Doug Lazovick, John Kobierowski, and Eddie Chang represented

Commercial Real Estate

Commercial Real Estate Transactions 09-29-20

Sales Transactions  1. The Praedium Group purchased Liv North Valley, a 385-unit luxury multifamily asset adjacent to the intersection of Interstate 17 and Loop 303/Bob Stump Memorial Highway, for $90M. Steve Gebing and Cliff David with Institutional Property Advisors, a division of Marcus & Millichap, represented the

Commercial Real Estate

Arizona Projects 09-25-20

Awards & Accolades  1. Engineering News-Record (ENR) Southwest selected the $275M, 670KSF Banner – University Medical Center tower and the Interstate 10 (I-10) interchange at Ina Road as the 2020 best Healthcare and Highway/Bridge projects. Both projects were completed by Sundt Construction, Inc. with DPR Construction partnering with them on the

Commercial Real Estate

Commercial Real Estate Transactions 09-08-20

Sales Transactions  1. RK Properties has sold Northern Greens Apartments, a 420-unit multifamily property located in Gilbert, for $55.5M on behalf of one of its tenant–in-common 1031 exchange investment programs and the RK Opportunity Fund III.  2. Mark IV Capital, Inc. purchased Perimeter

Commercial Real Estate

Commercial Real Estate Transactions 08-25-20

Sales Transactions  1. An unnamed institutional buyer purchased a 50.4KSF Target-occupied building at 1625 Camelback Road, Phoenix, for $20.3M. Newmark Knight Frank Net Lease Capital Markets Executive Managing Director Matt Berres and Director Samer Khalil, in cooperation with Managing Director

Commercial Real Estate

Commercial Real Estate Transactions 08-04-20

Sales Transactions  1. Knightvest Capital purchased Signature Place, a 300-unit multifamily community at 600 W. Grove Parkwayin south Tempe for $62.5M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Western Wealth Capital.  2. A joint venture

Commercial Real Estate

Commercial Real Estate Transactions 07-21-20

Sales Transactions  1. Pennybacker Capital purchased The Osborn Apartments, a 31-building, 302-unit multifamily complex near 32nd Street and Osborn Road, Phoenix, for $42M. Todd Braum, with Lee & Associates’ Arizona Apartment Group represented both the buyer and seller, Bean Investment

Commercial Real Estate

Commercial Real Estate Transactions 07-14-20

Sales Transactions  1. Cohen Asset Management purchased a 325.8KSF industrial building at 7400 W. Buckeye Road, for $30.7M, from Kansas City Life Insurance Co. Payson MacWilliam, Don MacWilliam and Chris Reese of Colliers International in Arizona handled the sale transaction.  2. Fairfield

Commercial Real Estate

Commercial Real Estate Transactions 06-30-20

Sales Transactions  1. Tides Equities teamed with FCP to buy the Tides at South Tempe, a 442-unit apartment complex at 4130 S. Mill Avenue, for $71.5M.  2. Knightvest Capital purchased the Capital Place Apartments, five-story, 292-unit complex at 11 S. 12th Street, Phoenix,

Commercial Real Estate

Commercial Real Estate Transactions 06-23-20

Sales Transactions  1. Ascent Real Estate Advisors purchased the Wells Fargo Gainey Center building, a 141KSF building at the SEC of Scottsdale and Doubletree Ranch roads, for $43.5M. Barry Gabel, Chris Marchildon and Will Mast of CBRE in Phoenix represented the seller, Principal Real Estate Investors.  2. Long

Commercial Real Estate

Commercial Real Estate Transactions 06-02-20

Sales Transactions  1. Valwood Mesquite LLC purchased Mesquite Corporate Center, a 79.5KSF, two-story, Class A office building at 14646 N. Kierland Boulevard, Scottsdale, for $19.471M. The Ron Schooler and Ken Elmer Team from Commercial Properties, Inc./CORFAC International’s Scottsdale office

Commercial Real Estate

Commercial Real Estate Transactions 05-26-20

Sales Transactions  1. Valwood Element, LLC purchased Element at Kierland, a 57.7KSF upscale multi-tenant office building at 14614 N. Kierland Boulevard, Scottsdale, for $17.3M. Eric Wichterman and Mike Coover of Cushman & Wakefield represented both the buyer and seller, MACP Kierland

Commercial Real Estate

Commercial Real Estate Transactions 05-05-20

Sales Transactions  1. Sunroad Enterprises purchased Metro at Zanjero, a 253-unit multifamily community at 9450 W. Cabela Drive, Glendale, for $55.4M. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller, Private Portfolio Group.