State: Arizona - AZ

Phoenix Business Journal Pennybacker Capital has paid $42 million, or about $139,073/unit, for The Osborn, a 302-unit apartment complex in Phoenix. The Austin, Texas, private equity firm bought the property, which consists of 31 two-story buildings, from Bean Investment Real ...

FCP has acquired a stake in the 442-unit Tides at South Tempe apartment property in Tempe, Ariz., in a deal valuing the 40-year-old complex at $71.5 million, or $161,765/unit. The Chevy Chase, Md., investment manager purchased its stake from Tides ...

REBusiness Online Cohen Asset Management has bought a 325,800-square-foot industrial property at 7400 West Buckeye Road in Phoenix for $30.7 million, or $94.23/sf. The Los Angeles real estate investment company purchased the property from Kansas City Life Insurance Co., which ...

PCCP LLC has provided $39.4 million of senior financing for the development of the 352-unit Acero Glendale apartment property in the Phoenix suburb of Glendale, Ariz. The property, at the northwest corner of 95th and Missouri avenues, is being developed ...

REBusiness Online Truist Commercial Real Estate has provided a $52 million loan against the 442-unit Tides at South Tempe Apartments in Tempe, Ariz. A venture of Tides Equities and FCP will use the loan to complete a value-add project at ...

REBusiness Online Westcore Properties has bought a 164,486-square-foot warehouse at 2550 North Nevada St. in Chandler, Ariz., for $38 million, or $231.02/sf. The San Diego investment company purchased the industrial property from Globe Corp. of Scottsdale, Ariz., which was represented ...

The Watermark Residential affiliate of Thompson Thrift has lined up $33 million of construction financing from Old National Bank for the development of The Wyatt by Watermark, a 216-unit apartment property in the Phoenix suburb of Gilbert, Ariz. Watermark is ...

Ascent Real Estate Advisors has paid $43.5 million, or $308.51/sf, for the 141,000-square-foot Wells Fargo Gainey Center office property in Scottsdale, Ariz. The New York real estate investor bought the three-story building, at 8601 North Scottsdale Road, from Principal Real ...

Rentv.com Douglas Allred Co. has lined up $73.5 million of construction financing to develop a 300,000-square-foot office project in Chandler, Ariz. The financing is comprised of a $46 million loan from Bank OZK and $27.5 million of mezzanine equity from ...

JLL Capital Markets has provided $185.62 million of Freddie Mac financing against a portfolio of five apartment properties with 1,439 units in the Phoenix area owned by a venture of Western Wealth Capital and Wealhouse Capital Management. The financing is ...

Harrison Properties has purchased a portfolio of 10 industrial buildings totaling 387,686 square feet in Phoenix for $18 million, or $46.43/sf. The Phoenix industrial specialist bought the portfolio from Hibernia Capital Advisors, in a deal brokered by Colliers International. The ...

REBusiness Online The 173-unit Ocotillo Apartments in Phoenix has been sold for $12.8 million, or about $73,988/unit. Marcus & Millichap brokered the deal on behalf of the unidentified buyer and seller. The property, at 1780 West Missouri Ave., was developed ...

REBusiness Online The Garrett Group has partnered with Providence Real Estate Group to buy the 79,537-square-foot Mesquite Corporate Center in Scottsdale, Ariz., for $19.5 million, or $244.80/sf. The venture purchased the two-story office building, at 14646 North Kierland Blvd., from ...

Peter Bauman and Tivon Moffitt have been hired as senior vice presidents at the Phoenix office of Marcus & Millichap's Institutional Property Advisors division. The two joined the brokerage from JLL, where they had advised clients on acquisitions, dispositions, sale-leasebacks ...

Western Wealth Capital has paid $20.7 million, or $73,928/unit, for the 280-unit Desert Willow Apartments in Phoenix. The Vancouver, British Columbia, investment manager purchased the complex from Andre Laibe, a Phoenix investor who had acquired it in 2015 for $7.7 ...

REBusiness Online Lincoln Property Co. has bought a 425,752-square-foot industrial complex in Las Vegas for $72 million, or $169.11/sf. The six-building complex is at 890 and 950 Pilot Rd.; 111, 1151 and 1181 Grier Dr.; and 6700 Paradise Rd. The ...

Rentv.com Montana Avenue Capital Partners has sold to an undisclosed buyer the 57,700-square-foot Element at Kierland office property in Scottsdale, Ariz., for $17.3 million, or $299.83/sf. Cushman & Wakefield brokered the deal. The Los Angeles real estate investment company had ...

REBusiness Online Sunroad Enterprises has bought the 253-unit Metro at Zanjero apartments in Glendale, Ariz., for $55.4 million, or $218,972/unit. The San Diego investment company purchased the property, at 9450 West Cabela Drive, from Private Portfolio Group, which was represented ...