Colliers International’s Hahn, Sherman and Koskovich Represented Seller

Phoenix, March 2, 2016 – Colliers International in Greater Phoenix negotiated the sale of the Warren House Camelback apartment community for $2.75 million, or $29,891 per unit. The 92-unit property is located at 1545 W Camelback Road in Phoenix.

Colliers International’s executive vice presidents Bill Hahn, Jeff Sherman and Trevor Koskovich represented the seller, Warren House Camelback Limited Partnership of Escondido, California. The buyer was Excel Real Estate LLC of Mesa, Arizona, a private investment company. Excel plans to hold the property as a long-term investment.

According to Hahn, “Warren House is well-positioned for future upgrades and offers the buyer a highly visible property on Camelback Road, a major east-west thoroughfare running through Phoenix, Scottsdale and the West Valley.”

Built in 1967, Warren House Camelback is a seven-building, three-story apartment community set on approximately 1.61 acres with a density of 57.14 units per acre. The 37,900-square-foot property consists of 92 units with a mix of 42 studio and 50 one-bedroom units. Common area amenities include a swimming pool, two laundry facilities, outdoor barbeques and open parking. Unit amenities feature all paid utilities, high-speed internet, cable, microwave and vinyl flooring. Its proximity to two Metro Light Rail stations and the I-17 Freeway, provide residents with easy access and a convenient commute to downtown Phoenix, North Phoenix, Tempe and Mesa.

“The metro Phoenix multifamily market continues to surge as we see vacancy tick lower, rents trend higher, an increase in sales activity, and employment growth and population expansion supporting renter demand,” said Hahn. “Every submarket in Greater Phoenix is recording rent growth and most areas are posting gains that are far outpacing the rate of inflation. With property performance outperforming historical norms, we expect investors to remain active in 2016.”

#1 Top Producers – Lambeth & Noel; #1 Team – Hahn, Sherman & Koskovich Rookie of the Year – Westfall

Phoenix, AZ – Colliers International in Greater Phoenix announced its 2015 Top Producers, Top Teams and Rookie of the Year.

“The success of these professionals represents the valuable results they produced for our clients across all sectors,” said Bob Mulhern, managing director of Colliers in Greater Phoenix. “We congratulate our 2015 Top Producers on their exceptional achievements and thank them for their hard work and dedication.”

Executive Vice Presidents Keith Lambeth and Todd Noel, CCIM, ranked as the #1 Top Producers and #2 Team. The duo specializes in the sale and leasing of office properties throughout metro Phoenix, with expertise in tenant and landlord representation, investments, build-to-suits and land.

Executive Vice Presidents Bill Hahn, Jeff Sherman and Trevor Koskovich ranked as the #1 Team. The team specializes in the evaluation, acquisition and disposition of investment-grade, income-producing multifamily properties and portfolios across the Southwest.

Sean Westfall, associate, was named the “David L. Hallstrom Rookie of the Year”. Westfall specializes in healthcare real estate and is a member of the national Healthcare Services Group. “Sean is a talented young broker whose efforts have earned him this honor,” said Mulhern.

A complete list of the 2015 Top Producers and Top Teams follows:

Top Producers in Greater Phoenix
#1:       Keith Lambeth and Todd Noel, CCIM, executive vice presidents, office properties
#2:       Cindy Cooke, senior executive vice president, multifamily investments
#3:       Trevor Koskovich and Jeff Sherman, executive vice presidents, multifamily investments
#4:       Don MacWilliam and Payson MacWilliam, executive vice presidents, industrial properties
#5:       Brad Cooke, senior vice president, multifamily investments
#6:       Bill Littleton, SIOR, MCR, SLCR, senior executive vice president, corporate solutions
#7:       Bill Hahn, executive vice president, multifamily investments
#8:       Paul Sieczkowski, SIOR, executive vice president, industrial properties
#9:       Philip Wurth, senior vice president, office properties
#10:     Kim Soulé, senior vice president, investment services
#11:     Rob Martensen, SIOR, CCIM, industrial properties
#12:     Matt Fitz-Gerald, vice president, office properties
#13:     Ryan Timpani, vice president, office properties
#14:     Tivon Moffitt, senior vice president, investment services; and Peter Bauman, vice president, investment services and co-chair, Net Lease Group
#15:     Charles Miscio, executive vice president, office properties

Top Teams in Greater Phoenix
#1 Team: Multifamily investment team of Bill Hahn, Jeff Sherman and Trevor Koskovich, executive vice presidents; Arsen Aminov, marketing coordinator; Nathan Bruer, marketing associate; Jesse Hudson, research associate; and Hannah Olson, marketing assistant

#2 Team: Office properties team of Keith Lambeth and Todd Noel, CCIM, executive vice presidents; Ryan Timpani, vice president; Kyle Campbell, associate; and Shannon O’Keefe, marketing specialist

#3 Team: Multifamily investment team of Cindy Cooke, senior executive vice president; Brad Cooke, senior vice president; Charles Wolcott, financial analyst; Gerda Kauks, marketing coordinator; Kellyanne Kennedy, transaction coordinator

Tucson, AZ – Tolu Real Estate, Inc., Jason Tolu, principal, paid $9.5 million ($47,264 per unit) to buy the 201-unit La Mirada apartments located 4415 E. Grant Road in Tucson, Arizona. The seller was a limited liability company formed by Chris Monson, principal. The complex was built in 1973 and renovated in 2007.

The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Pima County records show the buyer acquired the property with a new loan issued by Opus Bank of Phoenix, Arizona.

Phoenix, AZ – Phoenix Avalon LLC, (Zev Hendeles, principal) paid $8.35 million ($71,368 per unit) to buy the 117-unit Avalon apartments located 3851 N. 28^th Street in Phoenix, Arizona. The seller was Westwood Management LLC, (Stephen Davis, principal). The complex was built in 1973.

The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan issued by Artemis Realty Capital of Phoenix, Arizona.

For more information, reach the Colliers HSK Multifamily Team at 602.222. 5000.