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 ...
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.
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 ...
98 percent leased.
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 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, ...
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.
Clear Sky lined up $20 million of financing from Fannie Mae.
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