Out-Of-Towners Still Eager
For More Phoenix Apartments
Within days of each other, two major Phoenix apartment properties traded hands, both to out-of-state investors. Both investors are old hands in the Phoenix market, and they still want to be in on the multifamily action in Phoenix — at least in submarkets with job and population growth prospects.
The 180-unit Mandarina Luxury Apartment Homes in Phoenix traded recently for $25M. The buyer was Denver-based Capital Real Estate, which now owns 2,449 units in 11 Valley apartment properties. The seller was a private entity, NMS Property Services.
"The attractiveness…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
More On Phoenix Multifamily
|
|
|
|
Emerald Center Shows Retail Expansion Is Not Dead
As a property type, retail might be in troubled times, but there is still retail expansion in some places, especially in the context of mixed-use in a growth market. Recently LGE Design Build began construction on a 15K SF addition…
Read Full Story
|
|
|
How A Denver Multifamily Development Blurs The Line Between Public And Residential Space
At 2401 Blake St. in the Ballpark neighborhood of downtown Denver, residents of the 241-unit multifamily development under construction will have a local community marketplace on the ground floor. 2401 Blake represents how developers are changing their approach to integrating…
Read Full Story
|
|
|
Alaska-Based Credit Union Snaps Up Long-Vacant Glendale Office Building
Alaska USA Federal Credit Union acquired the 185K SF 5551 West Talavi Blvd., a two-story office building that housed Honeywell Inc., but which has been vacant for about nine years. The Anchorage-based credit union paid about $17M for the property,…
Read Full Story
|
|
|
Drury Hotels Opens New Property In Chandler
The 210-room Drury Inn & Suites Phoenix Chandler Fashion Center has opened at Loop 202 and Price Road in Chandler. That marks the brand's fourth location in the Phoenix market, the Phoenix Business Journal reports.
The hotel includes 3K SF of…
Read Full Story
|
|
|
|
|
|
5 Luxury Hotels And How They Woo Their Guests
When it comes to luxury, hotels and resorts are pulling out all the stops with fancy spas, fitness facilities and chef-driven restaurants.
Increasingly, consumers are drawn to properties that offer amenities they are accustomed to having at home, including WiFi, according to San Francisco's Kokua Hospitality president Kirk Pederson. Luxury travel goes a step beyond.
"It's an opportunity to reward yourself and indulge beyond the norm,” Pederson said.
Click here to read the full story. |
Chinese Investors Flocked To These Assets Last Year
|
|
|
Know A Rock Star Recent Grad Hungry To Prove Themselves? We'll Pay You For A Referral.
Do you know a smart, hard-working, passionate go-getter graduating from college this spring? Or perhaps they graduated last year ... and that flashy new job just ain't challenging them quite the way they had hoped.
Remind you of anyone? Bisnow might be…
Read Full Story
|
|
|
|
|
