Multi-Housing News IDEAL Capital has paid $108 million, or $332,307/unit, for Sentio, a 325-unit apartment property in Glendale, Ariz. The Clovis, Calif., company purchased the three-story property from Hines of Houston in a deal brokered by CBRE. The brokerage also ...
Commercial Real Estate Direct Staff Report United of Omaha Life Insurance Co. has provided $17.5 million of financing to facilitate G.W. Williams Co.'s purchase of Koll Cotton Center, a 228,605-square-foot industrial property in Phoenix. G.W. Williams, of San Mateo, Calif., ...
Commercial Real Estate Direct Staff Report Cavan Cos. has sold two built-to-rent properties with a combined 355 units in Gilbert, Ariz., and Glendale, Ariz., for a total of $125.28 million. The Scottsdale, Ariz., developer was represented in the deals by ...
Rentv.com CBRE has arranged $35.25 million of financing for the construction of Bella Olivia, a 112-unit apartment property in Peoria, Ariz. The loan requires only interest payments for its entire 30-month term. Bela Flor Communities is building the property at ...
Multi-Housing News A venture of GTIS Partners and Clyde Capital are planning to build Tavalo at Asante, a 282-unit built-to-rent residential property in Surprise, Ariz. GTIS and Clyde will build the property at the southwest corner of Pat Tillman Boulevard ...
Commercial Real Estate Direct Staff Report Walker & Dunlop has provided $32.5 million of Freddie Mac financing to facilitate Cal-Am Properties' $66.5 million, or $310,747/unit, purchase of Elevation at the Village, a 214-unit apartment property in Gilbert, Ariz. The property's ...
REBusiness Online An affiliate of LIV Development has opened Livano Deer Valley, a 242-unit apartment property in Phoenix. The Birmingham, Ala., developer constructed the property at 26800 North 27th Ave. Livano Deer Valley offers studio, one- and two-bedroom units with ...
Commercial Real Estate Direct Staff Report Capstone Advisors has paid $22.2 million, or $570.75/sf, for the 38,896-square-foot retail center at 420-501 South Mill Ave. in Tempe, Ariz. The Carlsbad, Calif., investor purchased the property from a group of investors led ...
The Phoenix apartment sector, which was among the strongest in the country as recently as 2021, based on growing rents, has hit a wall as the supply of new units has outweighed renter demand. Average asking monthly rents declined in ...
ConnectCRE An affiliate of Raymond Arjmond has paid $59 million, or $253.44/sf, for the 232,797-square-foot Palm Valley Pavilions West shopping center in Goodyear, Ariz. The prominent mall owner purchased the property from DRA Advisors, which had acquired it in 2018 ...
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