Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest CRE News In Your Inbox.

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

Phoenix & Southwest  + Phoenix + Phoenix  + Apartments  |  August 12, 2022
1959-era 150-unit Paradise Palms trades in Phoenix for $36.5 million
Mike Boyd
By: Mike Boyd

Vintage Apartment Community Sells in Phoenix

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 buyer to capture the robust Phoenix rent growth with a more modern interior and exterior renovation.”

The asset offers large floorplans and features amenities such as two pools, storage space and outdoor grilling areas.

Newmark Research notes that Phoenix ranked sixth among major metros in apartment sales volume over the twelve months ending Q1.

Read More News Stories About: Newmark
Connect

Inside The Story

Chris Canter

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.
Order Reprints
New call-to-action
New call-to-action