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GLENDALE, AZ-A Nevada corporation has paid $3.122 million for the 122-unit Stone View Apartments in Glendale. The seller created Stoneview Apartments Inc. to buy the property at 7841 N. 59th Lane.

The seller was Coolidge Casa Diane Equities LLC of White Plains, NY. Coolidge Casa owned the property for four years.

Peter Katz and Karl Abert of the Phoenix office of Marcus & Millichap represented the seller. Richard Butler, also of Marcus & Millichap’s Phoenix office, represented the buyer.

Marcus & Millichap has 34 offices nationwide and last year sold more than $6billion in investment real estate, much of it multi-family housing.

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