GILBERT, ARIZ. — Berkadia has negotiated the sale of and financing for Cambria, a garden-style community located in the Phoenix suburb of Gilbert. Cambria comprises 174 units that average 1,022 square feet in size. The property offers direct-access attached garages, nine-foot ceilings and side-by-side washers and dryers. Bridge Investment Group Holdings sold the asset to a California-based private investor for an undisclosed price. Mark Forrester, Ric Holway, Dan Cheyne and Andrew Curtis of Berkadia Phoenix represented the seller in the deal. Vincent Punzi and Lowell Takahashi of Berkadia’s Irvine, California …
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of Alamo Apartments, a 20-unit building in Tucson. Alamo Apartments is located at 824 E. 10th Street and comprises 11,189 square feet. The Twenty Lofts on Tenth LLC acquired the asset from Euclid 35 LLC for $2 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both the seller and buyer in the transaction.
CHANDLER, ARIZ. — Institutional Property Advisors (IPA) has negotiated the sale of Alta Chandler at The Park, a 291-unit complex in the Phoenix suburb of Chandler. Wood Partners sold the asset to Olympus Property for $94.5 million. Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the acquisition. IPA Capital Markets arranged $52 million in acquisition financing on behalf of the buyer. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Jesse Zarouk of IPA Capital Markets arranged the loan, which features eight years of interest-only …
TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of The Peak at Oro Valley, a 330-unit property in Tucson. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David represented the seller and procured the buyer. The identities of both parties were not disclosed. The Peak at Oro Valley was built in two phases 1984 and 1994 on a 15-acre site. The property offers a mix of one-, two- and three-bedroom apartments that average 848 square feet in size. Amenities include three pools, …
PHOENIX — JLL Capital Markets has added Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke to the firm’s multifamily investment sales advisory team in Phoenix. The team will focus on multifamily investment sales, including private capital and institutional deals. They will report to Ben Geelan and Brad Miner, who serve as co-leads of the Phoenix office. Prior to joining JLL, the team was a part of CBRE’s Phoenix Multifamily Investment Properties team. Most recently, Smuckler and Seaman held positions as executive vice presidents and co-leads of the team, and …
PHOENIX — IDEAL Capital Group has acquired Sentio, a 325-unit property in Phoenix, from Hines. The asset traded hands for $108 million. Sentio was built in 2023. Units feature open-concept floor plans, smart-home technology, energy-efficient appliances and window treatments. Residents have access to interconnected amenity spaces and walking paths. Asher Gunter, Matt Pesch, Austin Greon and Sean Cunningham of CBRE represented the seller in the deal. Trevor Breaux, Troy Tegeler and Ryan Greer of CBRE Debt & Structured Finance arranged financing for the buyer.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the sale of Wasko Modern Apartments, a community located at 2302 E. Fort Lowell Road in Tucson. Wasko Modern LLC sold the asset to 2302 East Fort Lowell Owner LLC to $6.1 million. Allan Mendelsberg and Joey Martinez of Cushman & Wakefield | PICOR represented both parties in the deal. The investment property comprises 38 units across 30,280 square feet.
GLENDALE, ARIZ. — Inland Real Estate Acquisitions LLC has negotiated the sale of Onyx at Westgate, a 190-unit build-to-rent property in the Phoenix suburb of Glendale. Mark Cosenza of Inland Real Estate Acquisitions arranged the deal on behalf of an Inland affiliate, with assistance from and David Neboyskey and associate counsel. Onyx at Westgate was developed in 2022 and consists of 58 one-bedroom, 85 two-bedroom and 47 three-bedroom units. Each one-story home features 10-foot ceilings, wood plank-style flooring and smart home technology packages. Amenities include a pool and spa, green …
PHOENIX — ABI Multifamily has arranged the $2.1 million sale of an eight-unit community located at 614-616 N.10th Ave. in Phoenix’s downtown area. The property was built in 1936 and 1954 and was renovated in 2023. Units come in one- and two-bedroom floor plans. Dallin Hammond, Mitchell Drake, Carson Griesemer, Tom Palestina, Andrew Arambula and Bryce Neagle of ABI represented the Arizona-based seller in the deal. Neither the buyer nor seller were disclosed.
GILBERT, ARIZ. — Wood Partners has sold Alta Cooley Station, a 248-unit complex in the Phoenix suburb of Gilbert, to a private individual based in California for $80 million. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction. Alta Cooley Station offers amenities such as a pool, spa, outdoor entertainment space, open-concept leasing office and clubhouse, micro-offices, a private conference room and workspaces. Units feature nine- and 10-foot ceilings, extra-wide entryways, laundry closets with …