Wednesday, September 22, 2021 7:48 pm

P.B. Bell Venture spends $33.5M for 294-unit apartment complex in Phoenix


apartmentsBy Business Real Estate Weekly

A venture formed by P.B. Bell Cos.  in Scottsdale (Phil Bell, Chapin Bell, principals) paid $33.5 million ($113,946 per unit) to purchase The Boulevard, a 294-unit apartment project located at 110 E. Greenway Parkway in Phoenix.

The seller was AG/Starboard 110 Greenway Owner LLC, a company formed by Angelo, Gordon & Co. LP in New York City, N.Y. (John Angelo, Michael Gordon, partners) and Slavin Multifamily Advisors LLC in Douglas County, Colo. (Patrick Slavin, principal). The sale was negotiated by Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE in Phoenix. P.B. Bell purchased the project in a joint venture with Southwest Capital Ventures Inc. in Toronto, Ontario, Canada (Elliott Sud, et al., principals).


Share this!

Additional Articles

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.

News Categories