November 17, 2024 10:34 am
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Alliance Residential snares 290 apartments in Chandler for $37.5 million

apartments in chandler

apartments in ChandlerChandler – A company formed by Alliance Residential Co. in Phoenix (Bruce Ward, Bob Hutt, Jay Hiemenz, et al., principals) paid $37.5 million ($129,310 per unit) to buy the 290-unit Villa Pallavinci apartments located at 635 S. Ellis Road in Chandler. The seller was Villa Pallavinci Owners LLC, a company formed by Gardner Real Estate Co. in Phoenix (Thomas Gardner, principal). The sale was brokered through Steve Gebing and Cliff David of Marcus & Millichap Real Estate Investment Services in Phoenix. Villa Pallavinci Apartments LLC (the Alliance entity) purchased the Chandler apartment project with a $27.684 million loan from BOKF (Bank of Arizona). Continue reading

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.