Author: ryan

30 Sep

Posted at 18:05h in Uncategorized

Sep 2021 Avenue North, LLC is proud to announce the $37,050,000 sale of Yardz on Cheyenne Apartments, a 184-unit property in North Las Vegas, NV.  The property was purchased in 2019. Built in 1984 and renovated in 2019, Yardz on Cheyenne offers a buyer a value-add opportunity through interior renovations. Previous renovations in 2019 focused on the exterior of the property. The property consists of 184 single story...

17 Aug

Posted at 01:04h in Uncategorized

August 2021 Arizona real estate firm Avenue North aims to start construction on a tract of single-family rental homes in North Las Vegas, renderings of which are seen here. (Courtesy Avenue North) An Arizona developer plans to break ground this year on a tract of rental houses in North Las Vegas, the latest competitor in this growing slice of the market. Avenue North founder Ryan Hartman told the...

24 Jul

Posted at 20:16h in Uncategorized

July 2021 The developer of this build-to-rent project in South Phoenix has $200 million in projects in the South Mountain area. Scottsdale-based Avenue North LLC has big plans to build more single-family rental communities in South Phoenix, where the company already has two projects underway. Plans call for investing $200 million into that South Mountain corridor, said Ryan Hartman, chief vision officer for Avenue North. Syndicate financing comes...

24 Jul

Posted at 20:02h in Uncategorized

Jun 2021 Avenue North, LLC acquired 6.7 acres near the intersection of 7th St and Euclid in Phoenix, AZ. The company plans to build 84 townhome units with private backyards. The community will complement the company's 85 unit and 80 unit developments near 16th St and Baseline. With access to downtown Phoenix, Tempe, Scottsdale, and Sky Harbor Airport, the property is ideally located for a new residential...

24 Jul

Posted at 19:58h in Uncategorized

Jun 2021 Avenue North, LLC acquired 10 acres near the intersection of Central and Baseline in Phoenix, AZ.  The company plans to build 243 garden style apartment units in mostly 2 story buildings.  The community will feature a fitness center, co-work space, dog park, and garages and is walking distance to the future light rail station located at Central and Baseline.  The light rail provides access...

02 Feb

Posted at 18:40h in Uncategorized

Jan 28, 2021 Build to rent hybrid models that combine the best of single-family homes with apartment rentals are taking the country by storm.   A Scottsdale multifamily investor is in the midst of a giant pivot as it buys land to build more single-family hybrid rental communities. With two projects already under construction near South Mountain, Avenue North LLC is working on two more projects in Phoenix and...

18 Dec

Posted at 02:46h in Uncategorized

Dec 2020 Avenue North, LLC is proud to announce the$6,650,000/$158,333per Unit/ $251.94 per SF sale of Harmony Chandler Apartments, a 42-unit property in Chandler, AZ.  The property was purchased in 2016 via a 1031 exchange. Built in1973 and renovated in 2017, Harmony Chandler offers a buyer a value-add opportunity through interior renovations. Previous renovations in 2017 focused on the exterior of property. The property consists of 42 garden-style...

18 Dec

Posted at 02:45h in Uncategorized

Dec 2020 Avenue North, LLC acquired 17.8 acres at the intersection of 36th St & Southern Avenue in Phoenix, AZ.  The acquisition included 3 separate parcels and is located on Esteban Park. With access to downtown Phoenix, Tempe, Scottsdale, and Sky Harbor Airport, the property is ideally located for a new residential community.  Construction on a new residential community is anticipated to begin in 2022....

18 Dec

Posted at 02:45h in Uncategorized

Nov 2020 PHOENIX, ARIZONA (NOVEMBER, 2020) – The Proximity at Papago Apartments, located near 48th Street and south of McDowell Road, sold on November 20th for $30,100,000. NorthMarq’s Phoenix Investment Sales team led by Trevor Koskovich, Jesse Hudson, and Bill Hahn, brokered the sale and represented both buyer and seller in this transaction. NorthMarq’s Dallas Debt and Equity Team financed the acquisition with an attractive 80% LTV...

30 Sep

Posted at 02:46h in Uncategorized

Sep 2020 NorthMarq’s Las Vegas and Phoenix investment sales team of Thomas Olivetti, Vice President, Trevor Koskovich, President, Bill Hahn, Executive Vice President and Jesse Hudson, Senior Vice President brokered the sale of the Yardz at Mirabelli Apartments on December 18th, 2020. The 168-unit multifamily property is located at 6250 Hargrove Avenue in Las Vegas, Nevada. NorthMarq represented both the buyer, Nitya Capital, LLC and the seller,...