Scottsdale Townhome-Apartment Community Changes Hands
Do you want to stay ahead of the CRE-market in Phoenix? Sign up for GlobeSt.com's coverage of industry news. Our articles keep you informed of the regions most important information. Sign Up Today!
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.
Multifamily Leader delivers in-depth examinations of the market conditions and trends shaping the apartments and condo industry. Register for the alert now!
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.