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Author: ryan

August 2015 Marcus & Millichap sells Central Phoenix multifamily for $3.16M/$79k per unit Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Bethany at Midtown, a recently renovated mid-century art deco style apartment building in the Uptown Phoenix corridor. The asset commanded a sales price of $3,160,000 or $79,000 a...

July 2015 2015 Curb Appeal Awards Honorable Mentions 1-Best Historic Restoration Description: Village Green’s Central West End City Apartments • St. Louis Part of the four-building community called Central West End City Apartments, this community features a unique entrance. The building’s regal quality is emphasized with wrought-iron awnings, flags and traditional landscaping, while artsy lettering and striped fabric awnings add a modern and casual flair. This combination of historic...

May 2015 Midtown Phoenix apartments sold for $8.7 million A midtown Phoenix apartment complex was sold for $8.7 million by San Diego-based firm Pathfinder Partners, LLC to Denver-based Capital Real Estate, according to a statement released Tuesday. The 96-unit complex, located near Seventh Avenue and Osborn Road, was initially bought in 2012 by Pathfinder Partners and Avenue North for $4.1 million. Formerly called Academy Apartments, the firm renamed the...

August 2014 Phoenix - Clear Sky Capital Airmont LLC in Phoenix (Marcus Kurschat, principal) paid $1.65 million ($68,750 per unit) to buy the 24-unit Bonfire at Midtown apartments at 529-530 E. Mariposa Street in Phoenix. The seller was 5th & Camelback LLC in Scottsdale (Ryan Hartman, principal). The cash sale was brokered through Brian Smuckler and Jeff Seaman of CBRE in Phoenix. Public records show the...

June 2014 Pathfinder Partners, LLC, a San Diego-based firm specializing in opportunistic real estate investments, has closed the $1.9 million sale of Shorewood Apartments, a 21-unit community located in the midtown neighborhood of Phoenix, Ariz., just north of downtown. The property was acquired by Washingtonbased Atrium Apartments, LLC. According to Lorne Polger, senior managing director of Pathfinder, his firm and partner Ryan Hartman of Phoenix-based Avenue North,...

June 2014 When it comes to neighborhoods, we've dished the dirt on the 10 best, the five up-and-comers, and the five most expensive. Now it's time to cater to cribs that keep you tuned in without being tied down. Yep, it's time to take a look at Phoenix's coolest apartments. From Grand Avenue and Midtown to Roosevelt Row and downtown central, here are our top five...

June 2014 Marcus & Millichap Sells 32-Unit Multifamily Asset in the Central Avenue Corridor Of Phoenix Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announces the sale of The Ranch at Midtown, a 32-unit apartment property located in Phoenix, AZ. The asset commanded a sales price of $2.56 million or $80,000 a unit. Brian Tranetzki and Rich...

August 2012 Real estate developer Ryan Hartman says apartment complexes in central Phoenix that he’s been renovating will appeal to renters who are “artistic, eclectic and urban.” Life at Midtown includes 131 units in three complexes. The apartments, built-in 1960, have a mid-century modern style, Hartman said. “I love architecture, and these buildings have really good bones,” he said. The project includes Aura, a 96-unit complex at 3623...

June 2014 New Tempe Apartments on Light Rail to Replace Mobile Home Park In the rolling, undeveloped outskirts of the metro area, tracts are easy to plan, grade and build. When it comes to infill, there are challenges—like a lot of configuration. Pony Acres presents a head-scratching, creative juice-flowing project to Ayers Saint Gross Architects + Planners. Developer McClintock Station LLC has a 5.1-acre parcel with an existing...