City: Tempe

Rise48 Equity LLC has paid $45 million, or $228,426/unit, for Rise at the Retreat, a 197-unit apartment property in Tempe, Ariz. The Phoenix investor purchased the property from Brookhill Corp. of Santa Monica, Calif., which was represented by Newmark. The ...

SAM Residential Group has paid $46 million, or about $280,487/unit, for Riverside, a 164-unit apartment property in Tempe, Ariz. The Scottsdale, Ariz., company purchased the property from Knightvest Capital, which had purchased it just more than two years ago for $24 ...

Decron Properties has paid $106.5 million, or $355,000/unit, for the 300-unit Broadstone Grand apartment property in Tempe, Ariz. The property becomes the third in Tempe for Decron, a Los Angeles investor that entered the market only in May. Besides Broadstone ...

Phoenix Business Journal Hines is planning 250 Rio, a 190,000-square-foot office building in Tempe, Ariz. The Houston developer plans to build the property on a two-acre site at the corner of Ash Ave. and Rio Salado Parkway, about 10 miles ...

High Street Residential has broken ground on Smith & Rio, a 310-unit apartment property in Tempe, Ariz. The property is being built on a 3.4-acre site at 1979 East Rio Salado Parkway, about 11 miles east of Phoenix. The five-story ...

Capital Allocation Partners has paid $30.5 million, or $179,411/unit, for two apartment properties that total 170 units near Arizona State University in Tempe, Ariz. The Scottsdale, Ariz., investor acquired the properties - the 134-unit Sakara Tempe, at 950 South Terrace ...

Decron Properties has paid $64.75 million, or $333,762/unit, for 1221 Broadway, a 194-unit apartment property in Tempe, Ariz. The three-story complex is encumbered by a $27.2 million Freddie Mac loan that was securitized through FREMF, 2017-K727. The loan pays a ...

Commercial Property Executive A venture led by Mortenson Development has broken ground on the Beam on Farmer, a 184,000-square-foot office building in Tempe, Ariz. The Minneapolis developer is building the five-story property in a venture with PGIM Real Estate of ...