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News

 

28 Mar

Posted at 11:27h in Uncategorized

March 2020 Owner and applicant, Avenue North LLC recently submitted plans to the City of Phoenix for a new multifamily development to be located east of the NEC of 16th Street and Baseline Road The applicant is requesting to rezone approximately 7.44 acres on the south side of the Western Canal at 1640 E. Baseline Road from One Family Residence District, Baseline Area Overlay District, to Multifamily...

28 Jun

Posted at 11:59h in Uncategorized

June 2019 The buyer of the 180-unit Class C multifamily asset financed the deal with a nearly $14 million Freddie Mac acquisition loan Avenue North has acquired The Cottages, a 180-unit Class C community in Las Vegas, from 3D Investments for $18.4 million, according to Yardi Matrix. Walker & Dunlop originated $13.8 million in Freddie Mac acquisition financing for the new owner. The loan matures in 2029. The...

28 Feb

Posted at 12:20h in Uncategorized

A Scottsdale multifamily investor has purchased some vacant infill land in south Phoenix to build its own project, looking to ride the popularity of single-family hybrid rental communities. Avenue North LLC paid $2.05 million cash for 6.7 acres at the northwest corner of 16th Street and Baseline Road. Plans call for developing a $16.9 million project totaling 85 units, said Andrew Biskind, vice president of Avenue North...

28 Nov

Posted at 12:37h in Uncategorized

  Latitude Mgmt Sells Yardz at Mirabelli Apt Complex in Las Vegas November 2017 Avenue North Purchases 168-Unit Complex for $12.3M Latitude Management Real Estate Investors, Inc. sold the 168-unit Yardz at Mirabelli apartments in Las Vegas, NV to Avenue North LLC for $12.28 million, or approximately $73,000 per unit. The 152,320-square-foot multifamily property delivered in 1984 at 6250 Hargrove Ave. in the Charleston Preservation submarket of Clark County. It...

30 Jul

Posted at 08:04h in Uncategorized

July 2017 Las Vistas at Papago Park Apartments Sell for $13.5+ Million Apartment Community Re-Named Proximity at Papago Park and Slated for Modernization Phoenix, July 12, 2017 – Las Vistas at Papago Park, a 13-building apartment community at 1010 N 48th St., has been sold for $13,550,000 to an entity sponsored by Avenue North, LLC (www.ave-north.com) of Phoenix. The local buyer has plans to rename the property Proximity...

28 Dec

Posted at 12:43h in Uncategorized

December 2016 Mirabella Apartments features 401 apartment units and a plethora of amenities. Tucson, Ariz.—Berkadia recently announced it has arranged the sale of Mirabella Apartments, a multifamily property in Tucson, Ariz., for $16.2 million. Senior Managing Director Art Wadlund and Associate Director Clint Wadlund of the Tucson office led the team that completed the transaction. The property was sold by Salt Lake City-based Bridge Investment Group, and the...