Commercial Real Estate Direct Staff Report Ares Real Estate has paid $137.5 million, or $350,765/unit, for Zaterra, a 392-unit apartment property in Chandler, Ariz. The Los Angeles investment manager purchased the property from a venture of P.B. Bell and PCCP ...
Commercial Real Estate Direct Staff Report TMG Associates has paid $90.5 million, or $305,743/unit, for Ocotillo Bay, a 296-unit apartment property in the Phoenix suburb of Chandler, Ariz. The New York company acquired the property from Acacia Capital Corp. of ...
The property, at 1586 West Maggio Way, had generated $5.51 million of net operating income last year, according to servicer data compiled by Trepp Inc. That would give Brookfield's purchase price a 5.8% capitalization rate. NOI has increased by 29% since ...
Commercial Real Estate Direct Staff Report Brookfield Properties has paid $95 million, or $219,907/unit, for Arches at Hidden Creek, a 432-unit apartment complex in Chandler, Ariz. The New York investment firm purchased the property from an affiliate of Blackstone, which ...
REBusiness Online Porter Kyle has broken ground on the Wayne, a 100-unit apartment property in Chandler, Ariz. It will cost $60 million to construct and is slated for completion in spring 2026. The Scottsdale, Ariz., developer is building the property ...
Commercial Property Executive A joint venture of Ryan Cos. and Alidade Capital has broken ground on the Chandler Freeways Business Park, a 190,475-square-foot industrial building in Chandler, Ariz. Ryan, of Minneapolis, and Alidade, of Bloomfield Hills, Minn., are building the ...
It is fully occupied.
The Nashville, Tenn., investor purchased the property from a venture of Unbound Development and Webb Investments in a deal brokered by JLL Capital Markets. The property opened in 2021 at 1125 South Alma School Road, about 22 miles south of ...
AZ Big Media EastGroup Properties Inc. has paid $83 million, or $159.89/sf, for Akimel Gateway, a 519,112-square-foot industrial property in Chandler, Ariz. The Ridgeland, Miss., company purchased the property from a venture Trammel Crow Co. and CBRE Investment Management. Akimel ...
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