Altus Pays $54Mln for Denver Office Property
March 29, 2023
Philadelphia Sees 759 Apartment Units Going Up
March 29, 2023
City: Flagstaff
JLL Secures $49.45Mln for Construction of 224-Unit Apartment Property in Flagstaff, Ariz.
JLL Capital Market has secured $49.45 million of financing for the construction of Flagstaff Elkwood, a 224-unit apartment property in Flagstaff, Ariz. An unnamed commercial bank provided the loan to Wexford Developments of Calgary, Alberta, which is building the four-story ...
Flagstaff, Ariz., Apartment Property with 222 Units Fetches $64.5Mln
Apartment Ventures NNC has paid $64.5 million, or $290,540/unit, for the 222-unit Village at Aspen Place apartment property in Flagstaff, Ariz. The Cypress, Calif., investment firm purchased the complex from an affiliate of VanTrust Real Estate LLC, which was represented ...
Pinecliff Village Apartments/1105 East Ponderosa Parkway
Berkadia Commercial Mortgage LLC provided a $16.68 million Freddie Mac loan against the property, according to Coconino County, Ariz., records. The loan has a 10-year term.
Apartment Complex in Flagstaff, Ariz., Sold for $21.35Mln
FPA Multifamily has paid $21.35 million, or $161,742/unit, for the 132-unit Pinecliff Village Apartments in Flagstaff, Ariz. The Irvine, Calif., investment company bought the property from Sanchez Brothers LLC of Centerville, Utah, which had purchased it in 2001 for $6.45 ...
University Plaza shopping center/1312 South Plaza Way
98 percent leased.
Flagstaff, Ariz., Shopping Center Sells for $27.5Mln
REBusiness Online Vestar Capital Partners has bought the 165,615-square-foot University Plaza shopping center in Flagstaff, Ariz., for $27.5 million, or $166.05/sf. Cushman & Wakefield represented the undisclosed seller. The retail property, at 1312 South Plaza Way, is 98 percent leased ...
Cypress Equities Buys Flagstaff Mall
Cypress Equities has purchased the Flagstaff Mall, a 388,607-square-foot enclosed shopping center in Flagstaff, Ariz., that had been encumbered by a $37 million CMBS loan. The Dallas investment manager bought the mall from Banc of America Commercial Mortgage Corp., 2005-6, ...
two apartment buildings with a total of 419 units in Flagstaff, Ariz.
The properties are the 306-unit Ridge at Clear Creek Apartments, at 997 East Pine Knoll Drive, and the 113-unit Clear Creek Village, at 875 East Pine Knoll Drive.
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
