Cindy Cooke

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Bascom Group sells Phoenix apartment complex for $71.5M

Sale price garners $165,509 per unit at multifamily property in Arcadia area PHOENIX, AZ – Bascom Arizona Ventures (Bascom Group) completed the $71.5 million sale of Arcadia Cove Apartments in Phoenix, commanding $165,509 per unit. Arcadia Cove, built in 1996, is located at 2252 N. 44th St., and comprises 432 units. Bascom Arizona Ventures purchased […]

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New York REIT Picks Tucson for First $46M Acquisition West of the Mississippi

Multifamily Portfolio Sells for $46 Million Updated: 3/1/2017 Tucson, Arizona — New York-based, Dasmen Residential (Michael I Katz, CEO) purchased a 1,166-unit portfolio in Tucson from Omninet Capital of California for $46 million ($39,451 per unit). The transaction marks the buyer’s entry into Tucson and its first acquisition west of the Mississippi. “Our goal is

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Colliers International Negotiates Sale of Tucson Area $47.5 Million Apartment Portfolio

Tucson showing strong signs of market recovery Phoenix, AZ — Colliers International in Greater Phoenix has negotiated the sale of a portfolio containing five apartment communities in Tucson.  The properties were the first Arizona acquisition for a Colorado-based investment group and commanded a sale price of $47.5 million ($47,311 per unit) in a bulk portfolio

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