SimonCRE has paid $27.8 million, or $117.30/sf, for Costco Plaza, a 237,000-square-foot shopping center in Tempe, Ariz. The Scottsdale, Ariz., developer purchased the property from Tryperion Partners of Los Angeles in a deal brokered by Faris Lee Investments. Costco Plaza ...
AZ Big Media Tara Investment Group has paid $36.1 million, or $235,947/unit, for the Mark, a 153-unit student-housing property in Tempe, Ariz. The San Francisco company purchased the property from Nelson Partners of San Clemente, Calif., in a deal brokered ...
Intercontinental Real Estate Corp. has paid $126 million, or $335,106/unit, for the 376-unit Garden Grove Apartments in Tempe, Ariz. The Boston investment manager purchased the property from MG Properties of San Diego, which had acquired it in 2014 for $35.6 ...
AZ Big Media Streetlight Residential has broken ground on the Alyssa, a 335-unit apartment property in Tempe, Ariz. The Dallas developer is building the property on East Rio Salado Parkway, to the west of State Route 1. The property will ...
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 ...
The properties are the 134-unit Sakara Tempe, at 950 South Terrace Road, and the 36-unit Sakara Villas, at 910 East Lemon St.
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 coupon of 4.06 percent and is locked out from prepayment until April 2024, three months before its scheduled ...
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 ...
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