West Valley residents will soon have even more places to shop, live and work near Westgate. Glendale City Council unanimously approved zoning and general plan changes Tuesday for the Glen91 planned development on a 15.5-acre site at the southeast corner of Glendale and 91st Avenues, which plans to include apartments, office space and commercial businesses. … Read more
California multifamily investors to purchase property on Mill Avenue in Tempe.
JLL Capital Markets announced today that it has completed the sale and financing of Capital Place apartments located at 11 S. 12th St. in Phoenix, Arizona. Capital Place was built in 2016 and contains 292 multi-housing units within two five-story buildings. A high-demand apartment community, resident amenities include a resort-style swimming pool, state-of-the-art fitness center, clubhouse, spa, access … Read more
The property was purchased for $5.5 million, according to Vizzda LLC real estate database. The parcel of land, north of the northeast corner of Gilbert and Ray roads in Gilbert, was sold by Chrome Inc., an entity tracing to Tony Kitchukov, on June 10, according to Vizzda. Plans call for building a $43 million Class … Read more
Town Frye Apartments is proposed to include 11 three-story apartment buildings, 4 four-story apartment buildings and a two-story clubhouse. The buildings will house a mix of 48 studios, 144 one-, 176 two- and 52 three-bedroom units. According to the documents submitted to the city, the project provides a “modern urban environment” to residents. “This character … Read more
CBRE has negotiated the sale of Lyra Residences, an 18-unit luxury townhome rental community comprised of two-story smart homes. Long Beach Trading Company Inc. acquired the property from Lyra Residences 38th St, LP, for $8.11 million or $450,333 per unit and $253/sq. ft. The transaction represents the highest sale in terms of price per unit this … Read more
By Angela Gonzales – Senior Reporter, Phoenix Business Journal Christopher Todd Communities is opening two new hybrid rental communities in the West Valley. These new projects in Peoria and Goodyear mark the Mesa-based company’s sixth and seventh communities. Four additional projects are under construction, with others in the pipeline across the Valley. These hybrid rental units … Read more
By Catherine Reagor | Arizona Republic, (June 2020) Metro Phoenix rents have finally stopped rapidly increasing and are even dipping in some areas. Scottsdale posted the second biggest decrease in the U.S. for the median rent on a one-bedroom apartment this month. Other Valley cites including Chandler, Tempe and Phoenix saw rents drop, too. This month’s … Read more