Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  + Apartments  | 
live scottsdale 240 units

Scottsdale Arizona Multifamily Community Sells for Over $600,000 a Unit

The 240-unit property, known as Liv North Scottsdale, sold for $145 million. Steve Gebing, with Institutional Property Advisors, attributes the high unit price to the desirability of the location, “Often referred to as the Beverly Hills of the Desert, Scottsdale is committed to attracting and retaining top-tier employers and creating lifestyle amenities for its residents, which has resulted in sky-rocketing in-migration and exceptional quality of life.”

Located at the intersection of Scottsdale Road and Greenway Hayden Loop puts it within walking distance of Scottsdale Quarter and Kierland Commons. Besides standard amenities such as a resort-style pool, outdoor kitchen and barbecue grills, residents also receive access to rentable storage units and covered parking.

Connect

Inside The Story

Steve Gebing

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
AshcroftCapital-04-cube
Money360-16-cube
Chase-12-cube