Array Vintage Apartment Community Sells in Phoenix Phoenix & Southwest + Phoenix + Apartments | August 12, 2022 JLL REIT Picks Up Las Vegas Retail Center Phoenix & Southwest + Southwest + Retail | August 12, 2022 Southside Tucson Mercado Sells for $12.27 Million Phoenix & Southwest + Arizona + Retail | August 12, 2022 FEATURED STORY Phoenix & Southwest CRE News In Your Inbox. Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. More Phoenix & Southwest Stories More Stories Connect CRE & Industry Events Load MoreMore Events Companies achieve great success when aligned around a common goal and brand story. The experts integrated into our team at Connect Creative span every marketing and communications discipline and channel, encompassing skilled graphic designers, public relations leaders, copy writers, content producers, digital wizards, and website developers. A collaborative approach brings out your company’s stories that are shaped and crafted with the perfect visual, the right words and in the most dynamic way. Connect with Creative Latest New Mexico Stories Northmarq Brokers Sale of Two Albuquerque Apartment Properties Phoenix & Southwest + New Mexico + Apartments | June 13, 2022 The properties, the 232-unit Courtyards and the 297-unit The Arbors, were sold to a California-based buyer with the help of a financing package with sub-200 basis point spread pricing at 65% Loan-to-Cost. The seller was a Colorado-based private equity company. Both properties were in the Northeast Heights submarket. Northmarq’s Cynthia Meister says the buyer plans … Wine-Focused Multifamily Project Underway in New Mexico Phoenix & Southwest + New Mexico + Apartments | February 16, 2022 Pop quiz: where’s the oldest wine-growing region in the United States? New Mexico wine production dates to the early 17th century when monks raised the fruit for religious purposes. These days, Titan Development is breaking ground on a vineyard-themed project called Allaso Vineyards, a 111-unit Class A multifamily project located in Albuquerque, New Mexico. The … Latest Arizona Stories Southside Tucson Mercado Sells for $12.27 Million Phoenix & Southwest + Arizona + Retail | August 12, 2022 An undisclosed California-based 1031 exchange investor paid $12.27 million for the Fiesta Mercado Shopping Center. The sales price of the property, at 2930 S. 6th Avenue, comes out to $149 a square foot. The buyer and sellers name were not disclosed. Built in 2000, the property is 94% occupied by a number of tenants including … Tucson Apartment Property Trades for $165,948 Per Unit Phoenix & Southwest + Arizona + Apartments | August 4, 2022 The 232-unit Metro Tucson was sold to Vertical Street Ventures for $38.5 million. Institutional Property Advisors (IPA) advised the undisclosed seller and found the buyer. IPA’s Clint Wadlund likes the upside, “The buyer is in a position to benefit from the city’s strong demographics and favorable multifamily real estate fundamentals by continuing and expanding the … Connect TeamEmily LettieriVice PresidentMichael ThwaiteChief Technology OfficerPaul BubnySenior Content DirectorView AllOur ValuesWe understand that we have different backgrounds, ethnicities, experiences, and geographies, and these differences are what make us unique and bring a variety of perspectives that will shine through.Minority SplitGender SplitLearn More Latest Phoenix Stories Vintage Apartment Community Sells in Phoenix Phoenix & Southwest + Phoenix + Apartments | August 12, 2022 The 130-unit Paradise Palms in Phoenix has a revered history. Designed by famous architect Ralph Haver in 1959, the Biltmore submarket icon traded for $36.5 million. Newmark’s Chris Canter represented the seller, Ogden Capital Partners, “Paradise Palms is a unique and spectacular multifamily asset in a Uptown/Biltmore location. This is the perfect asset for the … Classic Villatree Multifamily Community Trades in Tempe Phoenix & Southwest + Phoenix + Apartments | August 10, 2022 The 1980-era, 150-unit Villatree apartment property shows no signs of aging. The asset was bought by Western Wealth Management in 2018 for $17.35 million and recently sold for $43.1 million. “Villatree is the foremost example of boutique, value-add multifamily real estate in the highly sought-after north Tempe submarket,” said Cliff David, from Institutional Property Investors, … Latest Southwest Stories JLL REIT Picks Up Las Vegas Retail Center Phoenix & Southwest + Southwest + Retail | August 12, 2022 JLL Income Property Trust paid $24.4 million for Silverado Square, a 48,000 square foot retail center in Las Vegas, Nevada. The retail property, anchored by Sprouts Farmers Market, also has a CVS. JLL’s Allan Swaringen says the property checks off all the boxes, “Its location next to two major thoroughfares and near a large master-planned … Dollar General Buys Aurora Distribution Center Phoenix & Southwest + Southwest + Industrial | August 12, 2022 Dollar General has acquired a 75-acre land parcel within HighPoint Elevated, an industrial and logistics park located at the southeast corner of East 64th Ave. and E-470 in Aurora, for the development of a distribution facility. The discount retailer plans to invest $172 million into the Aurora facility, which will create around 400 new jobs …
