Another Deal In The Hot Camelback Corridor: Camelback Commons Fetches $66M
Investors are still keen to buy Phoenix office properties, and lenders are still more than willing to help for deals in strong locations like the Camelback Corridor. Recently in that submarket, Camelback Commons traded for $66.4M.
The sale involved two buildings totaling 322K SF at 4722 and 4742 North 24th St. The seller was a joint venture between California‐based McCarthy Cook & Co. and New York‐based Morgan Stanley Real Estate Investing. The buyer is Los Angeles-based Regent…
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Not Much Danger Of Mulitfamily Overbuilding: Phoenix Will Need 150,000 More Apartments By 2030
The Phoenix metro area is expected to need more than 150,000 new apartments by 2030 to keep up with local demand, according to a new study commissioned by the National Multifamily Housing Council and the National Apartment Association, with research by Hoyt…
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SoCal Investor Snaps Up Older Scottsdale Apartments, Plans Renovation
The Phoenix apartment market is hot enough to put older properties in play, at least well-maintained ones with good locations. SoCal investor The Tides at Old Town LLC acquired Estancia, a 62-unit multifamily community at 3620 North Miller, for $6.9M…
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Goldman Raised $1B For A Real Estate Fund, Putting 2007 Fail Behind It
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The Fabulous Real Estate Of The Tour De France
July 1 marked the beginning of the Tour de France, the three-week cycle race that is among the most grueling events in sporting history.
The race itself and the incredible endurance of the riders is the main point of focus: the breakaways, the sprints, the lung-busting climbs, the questions about drug use. France itself is an inextricable part of the cross-country event, and the race plays out against an incredible backdrop of mountains, vineyards and villages.
Here is a selection of fantastic properties that are up for sale on or close to the route of this year's race.
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