Phoenix

Phoenix Value-Add Apartment Play Trades After One Year

Kelsi Maree Borland |

Next Wave Investors has sold the Orange Tree Village Apartment Homes in Tucson, Arizona after completing a quick capital improvement strategy.

Phoenix Apartment Sales Up 20% For the Year

Kelsi Maree Borland |

In the first half of 2019, sale volumes of multifamily assets with 100 units or more increased significantly in Phoenix, GlobeSt.com reports EXCLUSIVELY.

News

Compass Datacenters Plans Up to $3B of New Campuses

Lisa Brown |

Compass Datacenters announced new growth initiatives to develop up to $3 billion in new data center campuses, along with continued support from RedBird Capital, Ontario Teachers’ and the introduction of Azrieli.

Developer Sells Chandler Apartment Build

Kelsi Maree Borland |

Dallas-based investor Rosewood Property Co. buys the 283-unit apartment property, which was built in 2018.

70-Acre Development Site in Mesa Sells

Kelsi Maree Borland |

The buyer plans to build retail, high-density residential, office, medical and hospitality on the site.

Redwood Enters Phoenix Apartment Market

Kelsi Maree Borland |

The Chicago-based investor buys the Carter, a 365-unit class-A apartment complex in Scottsdale.

Deer Valley Apartments Trades for $56M

Kelsi Maree Borland |

Tides Equities buys the Phoenix apartment property as part of its aggressive acquisition strategy.

Lenders Open Up to Phoenix Construction Deals

Kelsi Maree Borland |

A few years ago, securing construction debt was a challenge in Phoenix. Today, lenders are competing for deals, GlobeSt.com reports EXCLUSIVELY.

Phoenix’s Canyons on Colter Apartments Trades Hands

Kelsi Maree Borland |

The a California-based buyer acquired the property for $34 million and secured a $27 million acquisition loan.

Jenna Borcherding Joins VanTrust Real Estate

Kelsi Maree Borland |

Borcherding joins the firm as director of real estate development, and will be based in the Phoenix office.