Phoenix, Ariz. – ABI Multifamily — the Western US’ leading multifamily brokerage and advisory services firm — has announced the $11,635,000 / $96,958 Per Unit sale of Tuscano Village Apartments in Glendale, Arizona.

Tuscano Village is a 120-unit garden-style apartment community near 67^th Avenue and Bethany Home Road, conveniently located near multiple retail outlets, restaurants and service providers.

Completed in 1974, Tuscano Village is an attractive low-density property with single-story layouts throughout and washers and dryers in each unit.

“The Buyer was drawn to the property’s desirable unit mix of all two and three bedrooms. The ongoing revitalization of the neighborhood, drawing from Westgate Entertainment District to the west and the Loop 202 South Mountain Freeway expansion to the south, also contributed to its attractiveness” said ABI Multifamily Partner Doug Lazovick, lead broker for the team representing the Seller. “Finally, the Seller did an excellent job of renovating several of the unit interiors, giving a solid road map of the property’s potential.”

The Seller, Raven Multifamily & BlueSky Equity, is a Texas & California-based syndicator.

The Buyer, Prosperity Capital Partners & EnRitch Investment Group, is a Florida & Canada-based syndicator.

The Seller was represented by the multifamily brokerage team of Doug Lazovick, John Kobierowski, Alon Shnitzer, Rue Bax and Eddie Chang.

TUCSON, ARIZONA — Vast Commercial Real Estate Solutions (VAST), a full-service commercial real estate and investment brokerage firm, brokered the sale of two retail buildings with a combined 176 feet of frontage on Speedway Blvd located at 4932 and 4940 E Speedway Blvd, Tucson, AZ 85712.

Built in 1956 and located in the former Christine’s Antiques and Elegant Junque Shop buildings, the 8,122-square-feet of space sold for $625,000 ($76.95 PSF).

The former owners are retiring after 58 years operating a successful antiques business at this location and the buyer will owner occupy for glass themed smoking goods; water pipes, vaporizers, accessories, and detox dba Glass Geeks.

Jon O’Shea, Rob Fischrup, and Eric Lamb of VAST represented the Seller, the Olson Family Trust. The Buyer, Glass Geeks, of Tucson, AZ was represented by Juan Pantoja of Grimm Commercial located in Tucson, AZ.

For more information O’Shea, Fischrup and Lamb should be reached at 520.624.9400 and Pantoja can be contacted at 520.795.5200.

To learn more, see RED Comp #6553.

[mepr-show rules=”58038″]Closing date: 2/4/2019 Doc. # 2019-0350748.[/mepr-show]

SCOTTSDALE, ARIZONA ‒ Liv Communities christened its third senior living community in the Valley last week, cutting the ribbon at LivGenerations Pinnacle Peak, 23733 N. Scottsdale Rd., in Scottsdale.

The 110-unit community joins senior living properties that Liv Communities already operates in Gilbert and Ahwatukee.

“As you can imagine, this building will probably win many awards for its design and layouts, but from our standpoint, we know it’s beautiful, but we would like to assume the prize is going to come later over time,” said Dennis Scalpone, Executive Director of LivGenerations Pinnacle Peak. “The true prize is the programming, the lifestyle, and the choices we provide to our seniors.

“At LivGenerations our brand promise is to create uncommonly positive experiences for all seniors. It’s a time for them to look forward, a time for them to make new friends, to accomplish new goals, and a time to create memories. This community becomes their new home and here we all become family.” Scalpone said.

LivGenerations Pinnacle Peak totals 170,000 SF and offers independent living, assisted living, and memory care apartment homes. The Terrace Apartments (independent living and assisted living) offer eight floor plans. Alla Vita (memory care) offers two floor plans.

“We are very happy to have a facility like this,” said Scottsdale Councilwoman Suzanne Klapp. “We are in a city that has a significant aging population. It’s great that this particular facility can be here today to serve those citizens who need it and those that are going to come in the future.”

The new community features a full range of luxury amenities including classes in the state-of-the-art Liv Fit Fitness Center; a heated saltwater pool; yoga and meditation; a walking club; non-denominational worship services; the Mosaic Art Studio; and the Orchid Salon and Day Spa.

Social amenities include wine tastings in the Infusions Wine Cellar; Barley’s Bourbon Bar; the Silk Tassel Tea Room; a movie theater; and a dog park.

Ryan Companies US, Inc., is the general contractor; Todd & Associates Inc. is the architect of record; and Thoma-Holec Design (LuAnn Thoma-Holec) is the interior designer.

“We’re here to celebrate a new beginning. Dennis and his team get to turn a beautiful community into an aspiring place to live, and a vibrant place to live,” said Liv Communities CEO Scott Brooks. “It’s a new beginning for those that will call this place their home. We’re excited to welcome them home here so they can live their lives to the absolute fullest.

“To accomplish this, it takes a lot of smart, passionate, hard-working people collaborating as one team. To everyone who helped touch this project, support us and our team through the process, we would not be here without you,” Brooks said.