Phoenix – A company formed by PrivatePortfolio Group LLC in Seattle, Wa. (Jim Almon, principal) paid $60 million ($225,564 per unit) to purchase the 266-unit Elevation on Central apartments located at 4650 N. Central Avenue in Phoenix. The seller was Vedura Central LLC, formed by Vedura Residential in Scottsdale (Bruce Hart, Paul Fannin, Jason O’Clair, […]

  • Dealmakers: CBRE team brokers $199M in apartment sales

    Apartment complexes in Chandler, Tempe and Phoenix recently have sold for a combined $199.4 million. CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Peschbrokered each of the deals. • Scottsdale-based Everest Holdings bought the 512-unit Biscayne Bay apartments in Chandler for $71.5 million. The seller was Seattle-based PrivatePortfolio Group. The complex was built in […]

  • Texas Investor Spends $28.7 Million For Luxury Apartments in Chandler

    Publish Date 09.04.2015 Volume: XXI Number: 35 Chandler – A company formed by Olympus Property in Fort Worth, Tex. (Chandler Wonderly, Anthony Wonderly, principals) paid $28.7 million ($176,074 per unit) to acquire the 163 unit Elevation Chandler apartments at 2300 W. Pecos Road in Chandler. The seller was RVP Apartments L.P., a limited partnership […]

  • Utah Investor Makes First Arizona Multi-family Buy with $41.3 Million Deal in Flagstaff

    Publish Date 03.07.2014 Volume: XX Number: 9 Flagstaff – A company formed by EquiMark in Salt Lake City, Utah (Jed Millburn, principal) paid $41.3 million ($143.403 per unit) to purchase the 288 unit Elevation Flagstaff apartments at 5000 N.Mall Way in Flagstaff. The seller was a venture formed by Vedura Residential in Scottsdale (Bruce […]

  • Luxury living comes to Highland Avenue

    By Patty Talahongva.   June 2014. In the first week of May the construction fence went up and building started on what will be known as “Elevation Central,” a 266-unit, multi-family complex. Bruce Hart, an executive team member with Vedura Residential Operating LLC, says the development company plans to open in 15 months and all the […]