Scottsdale Townhome-Apartment Community Changes Hands
Announcement: GlobeSt.com now offers Phoenix commercial real estate executives easier access to more information and resources via our NEW dedicated Phoenix edition.
SCOTTSDALE, AZ-A Marcus & Millichap Real Estate Investment Services statement has revealed that an apartment community in south Scottsdale has changed hands for approximately $4.27 million. DSRM LLC, a new entity formed by Scottsdale-based Finesse Construction and Mesa-based United Home Equities LLP, purchased the 18-unit apartment complex, named Villa Contento.
Three years ago, the complex was constructed as a townhome community with plans for 38 units, but the Great Recession stalled the development at 18 units. KW Commercial's Brock Danielson represented the buyer. For the full story, go to Phoenix Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Be sure to visit GlobeSt.com's NEW Sectors-to-Watch page for in-depth looks on the Hotels, Industrial, Multifamily, Office, Retail, Student Housing, Net Lease and Healthcare Real Estate markets.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.