Tempe – OliverMcMillan in San Diego, Calif. (Dene Oliver, James McMillan, principals) paid $5.85 million to purchase a 3.69- acre site along the south side of Tempe Town Lake where the company plans to develop a 258-unit apartment complex. As reported by BREW in August 2012, the parcel is located just north of Arizona State University in Tempe and was sold by a venture formed by Sunbelt Holdings LLC in Scottsdale (John Graham, pres.). Records show OliverMcMillan Hayden Ferry Landing LLC paid cash to buy the land from RP HFL LLC (the Sunbelt entity). The sale was negotiated by Michael Lieb of Michael A. Lieb Ltd. in Phoenix. The project, being called The Lofts at Hayden Ferry, is being designed by MVE & Partners in Irvine, Calif. (formerly known as McLarand Vasquez & Emsiek). Continue reading:
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