Year: 2020

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CBRE Announces Sale of Tempe Apartment Community to Los AngelesBased JRK Property Holdings

The acquisition is JRK Property’s first in the Phoenix market Phoenix, Arizona – CBRE arranged the sale of the 408-unit multifamily community 909 West on behalf of MG Properties Group to Los Angeles-based JRK Property Holdings, Inc. for an undisclosed amount. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch, and Mark McFate of Phoenix

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Beverly IV, a 24-Unit Apartment Property in Glendale, AZ Sells for $3 Million

GLENDALE, Ariz.– Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Beverly IV, a 24-unit apartment property located in Glendale, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,000,000. “Beverly

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C&W Picor Negotiates Two Multifamily Complexes for $6.95 Million

Cushman & Wakefield | PICOR handled two multifamily Tucson transactions with an aggregate of $6.95 million. Pueblo Springs Holdings, LLC purchased Pueblo Springs Apartments, a 41,850-square-foot multifamily property located at 3003 N. Alvernon Way in Tucson.  The 75-unit apartment complex was purchased from Pueblo Springs by Bakerson, LLC for $4.2 million ($56,000 per unit). Built

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