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Sep 2021 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,...

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...

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...

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...

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...

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...