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AZ Multifamily Still Has Upside: JLL Closes $51M Scottsdale Property Sale

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PHOENIX, Arizona – On behalf of Rockwood Capital and Alliance Residential Company, JLL’s Capital Markets experts announced the firm completed the sale of Broadstone Scottsdale Horizon, a 330-unit multifamily rental community in one of the most coveted neighborhoods in North Scottsdale, Arizona. MG Properties purchased the community for $51 million ($154545 per unit). Executive Vice […]

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AEW replaces Rockwood Capital as JV partner at Tempe Marketplace

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Tempe Marketplace, the popular open-air mall near Arizona State University’s main campus, sold for $367 million by a joint venture partnership. It is one of the priciest real-estate deals in Arizona history. Vestar and AEW Capital Management (AEW) have partnered to acquire Tempe Marketplace. Vestar previously owned the center and opened Tempe Marketplace in 2007;

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