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Investors taking advantage of loan rates…owners have leverage over leverage

Posted by   /  August 22, 2014  /  Business Real Estate Weekly  /  No Comments

low interest rates

Business Real Estate Weekly by Rose Law Group With historically low interest rates, favorable terms and an abundance of lenders, the climate for borrowers financing commercial real estate is as good as it has ever been. Permanent financing options are abundant with a smorgasbord of lenders armed and ready to loan large sums of money. […]

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Frenetic week of multi-family trading ending with sale of a 676 unit Mesa apartment complex for $66.6 million

Posted by   /  August 22, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

Mesa apartment complex

Business Real Estate Weekly by Rose Law Group Mesa – In a deal that will cap off a seven-day period of robust multi-family property sales activity in the Phoenix area, the 676-unit Lakeview at Superstition Springs Mesa apartment complex is set to close in a $66.6 million transaction ($98,521 per unit). The project, located within […]

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MIG Real Estate pays $35.5 million for 234 unit apartments in Chandler

Posted by   /  August 22, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

apartments in Chandler

Business Real Estate Weekly by Rose Law Group Chandler – A company formed by MIG Real Estate LLC in Newport Beach, Calif. (Greg Merage, principal) paid $35.5 million ($151,709 per unit) to buy the 234-unit Symphony apartments in Chandler at 2225 W. Frye Road. The seller was Symphony R LLC, a company formed by Hartford […]

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Crow Holdings buying Tempe apartments in $47+ million deal

Posted by   /  August 21, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

Tempe apartments

Business Real Estate Weekly by Rose Law Group Tempe – In a deal set to close at press time, Crow Holdings in Dallas, Tex. (Harlan Crow, et al., directors) is expected to pay just over $47 million ($115,319 per unit) to acquire the 408-unit Grigio Metro Tempe apartments at 1811 E. Apache Boulevard. The seller […]

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SunCap spends $12 million for 63 + acres in Gilbert targeted for business park

Posted by   /  August 21, 2014  /  Business Real Estate Weekly  /  No Comments

SunCap

Business Real Estate Weekly by Rose Law Group Gilbert – A venture formed by SunCap Property Group in Charlotte, N.C. (Flint McNaughton, pres.) plans to develop a business park in Gilbert that could have several hundred thousand sq. ft. of office and industrial buildings. The 63.4-acre tract, which is known as Gilbert Spectrum Business Park, […]

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Oregon investor makes first valley deal…pays $19.5 million for Goodyear apartments

Posted by   /  August 19, 2014  /  Business Real Estate Weekly  /  No Comments

Goodyear apartments

Business Real Estate Weekly by Rose Law Group Goodyear – A company formed by Ryan Thompson of Umbrella Properties Inc. in Coburg, Ore. paid $19.5 million ($93,750 per unit) to acquire the 208-unit Desert Sage Goodyear apartments located at 1737 N. Central Avenue. The seller was PM Desert Sage Goodyear LLC, a company formed by […]

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So.Cal investor buys Tempe apartments in $25.85 million deal

Posted by   /  August 19, 2014  /  Business Real Estate Weekly  /  No Comments

Tempe apartments

Business Real Estate Weekly by Rose Law Group Tempe – A company formed by PASSCO Cos. LLC in Irvine, Calif. (William Passo, CEO) paid $25.85 million ($106,852 per unit) to purchase the 270-unit Monarch at Tempe apartments at 4505 S. Hardy Drive in Tempe. The seller was Monarch Greenwood Venture L.P., a limited partnership formed […]

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N.Cal investors make second valley apartment deal…$43 million for 264 units

Posted by   /  August 18, 2014  /  Business Real Estate Weekly, Dealmaker  /  No Comments

Sonoran Vista

Business Real Estate Weekly by Rose Law Group Scottsdale – A company formed by Aukum Management LLC in Larkspur, Calif. (Jason Fuchs, Linton Young, principals) paid $43 million ($162,879 per unit) to acquire the 264-unit Sonoran Vista apartments located at 9340 E. Redfield Road in Scottsdale. The seller was SP Sonoran LLC, a company formed […]

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So.Cal based investor buys 385 unit Phoenix apartment project for $34.265 million

Posted by   /  August 15, 2014  /  Business Real Estate Weekly  /  No Comments

phoenix apartments

Business Real Estate Weekly by Rose Law Group Phoenix – A company formed by CVG Properties Inc. in Rancho Santa Fe, Calif. (Johnathan Lampitt, pres.) paid $34.265 million ($89,000 per unit) to purchase the 385-unit Villa Encanto Phoenix apartments located at 4315 E. Thunderbird Road. The seller was El Dorado Villa Encanto LLC, a company […]

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$30 million apartment community planned along Apache Boulevard in Tempe

Posted by   /  August 14, 2014  /  Business Real Estate Weekly  /  No Comments

Tempe

Business Real Estate Weekly by Rose Law Group Tempe – A company formed by Avenue North LLC in Mesa (Ryan Hartman, principal) plans to develop a 204-unit apartment project south of Arizona State University in Tempe. The multi-family rental community is targeted for a 5.2-acre site located along the south side of Apache Boulevard and […]

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