19-story residential tower on ASU campus sold for $103 million

By Joe Martin | Phoenix Business Journal

One of Tempe’s newest student-targeted housing developments, the 19-story Hub on Campus near Sun Devil Stadium, has been purchased for $103 million.

Inland American Communities Group Inc., a subsidiary of one of the largest real estate investment trusts in the country, Inland American Real Estate Trust Inc., bought the property from Core Campus Communities. Business Real Estate Weekly of Arizona first reported on the deal Wednesday.

Core Campus was shopping for a buyer since April, says Brad Goff, principal of Apartment Realty Advisors, one of the brokers in the deal. I spoke with him Wednesday to find out more, and he said one of the biggest reasons for Core Campus to sell the property after only owning it for a year was the opportunity to make an immense profit on the $42.6 million project.

Continued: http://www.bizjournals.com/phoenix/news/2013/08/15/19-story-residential-tower-on-asu.html?page=all

Share this!

August 16, 2013

Additional Articles

FIVE of Arizona’s newly elected public officials visit Rose Law Group

Dozens of constituents gathered this morning in the Scottsdale office of Rose Law Group to hear from: Maricopa County Supervisors Mark Stewart, Thomas Galvin, Kate

MF mixed-use planned for East Mesa

Photo via City of Mesa By Cecilia Chan | YourValley A developer is pitching a mixed-use project comprising 278,750 square feet of commercial and about 651 residential units

Chandler launching 2nd public housing rehab project

By Ken Sain | Chandler Arizonan The City of Chandler is moving forward with a second redevelopment project of its public housing inventory. The Haven on Hamilton will be about 250 units of public housing that will

Get Involved

Write a letter to the editor

Write a guest opinion

Submit news

Stay Informed

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Recent Articles

Rose Law Group land use attorney Sam DeMoss examines how a new Arizona law could impact development in municipalities across the state

By Rose Law Group Attorney Samantha DeMoss HB2297, also known as the “Adaptive Reuse Law” is the culmination of an ongoing bipartisan effort from the

Microsoft to debut ‘zero water’ data center in Valley

Photo provided by the City of Goodyear By Jeff Gifford | Phoenix Business Journal Microsoft Corp. says its new data center design that consumes “zero water” for

Can ASU seize the mantle of a doddering PRTA?

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Jordan Rose, founder and president of Rose Law Group, says Phoenix’s efforts to leash data center growth could have negative impact on economic development

Founder and President of Rose Law Group Jordan Rose, who represents many data center developers says, “A change in the zoning interpretation of where a date center can locate may

Supervisor, Board Vice Chair, and Rose Law Group partner Thomas Galvin spearheads additional board investments Mesa schools job training program

Led by Vice Chairman Thomas Galvin, the Maricopa County Board of Supervisors has extended an existing agreement with Mesa Public Schools and invested an additional

Shruti Gurudanti, corporate transactions director at Rose Law Group, gives her take on Albertsons suing Kroger after judge rules against grocery merger

“Including a termination fee in a merger agreement is definitely beneficial, but in this particular case, it will likely lead to significant complexities and challenges

M	T	W	T	F	S	S
			1	2	3	4
5	6	7	8	9	10	11
12	13	14	15	16	17	18
19	20	21	22	23	24	25
26	27	28	29	30	31

19-story residential tower on ASU campus sold for $103 million

Additional Articles

FIVE of Arizona’s newly elected public officials visit Rose Law Group

MF mixed-use planned for East Mesa

Chandler launching 2nd public housing rehab project

News Categories

Get Involved

Stay Informed

Recent Articles

Rose Law Group land use attorney Sam DeMoss examines how a new Arizona law could impact development in municipalities across the state

Microsoft to debut ‘zero water’ data center in Valley

Can ASU seize the mantle of a doddering PRTA?

Jordan Rose, founder and president of Rose Law Group, says Phoenix’s efforts to leash data center growth could have negative impact on economic development

Supervisor, Board Vice Chair, and Rose Law Group partner Thomas Galvin spearheads additional board investments Mesa schools job training program

Shruti Gurudanti, corporate transactions director at Rose Law Group, gives her take on Albertsons suing Kroger after judge rules against grocery merger

Post Calendar

19-story residential tower on ASU campus sold for $103 million

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!