GILBERT – In the company’s eight nulti-family development and what will be its second in the San Tan Village mall area of Gilbert, Vedura Residential in Scottsdale (Bruce Hart, Paul Fannin, Jason O’Clair, principals) plans to develop a 214-unit apartment community on the northern edge of the San Tan Village outdoor lifestyle center. “We continue […]
PHOENIX – In a multi-family purchase with a price per unit more than twice than the company paid to buy its last Valley property, Virtue Investments LLC in Larkspur Calif. (Scott McWhorter, Michael Green, principals) paid $65,25 million ($280,043 dollars per unit) to acquire 233-unit Peak 16 luxury apartments located just north of Camelback Road […]
PEORIA – In teaming up to purchase their fourth multi-family asset in the Valley, a company formed by Blackstone Group L.P. in New Yourk City, N.Y. (NYSE:BX) and Olympus Property in Fort Worth, Tex. paid $69.9 million ($209,910 per unit) to buy the 333-unit Elevation Plaza Del Rio Residential…
Vedura Planning Sixth Multi-Family Project With Elevation Santan in Gilbert | Brewaz.com Publish Date: 07-13-2018 Volume XXIV Number:27 Gilbert- A joint venture by Vedura Residential in Scottsdale (Bruce Hart, Paul Fannin, Jason O’Clair, principals) plans to develop a 297-unit apartment complex south of the southeast corner of SanTan Village Parkway and Williams Field Road in […]
Peoria- A joint venture formed by Vedura Residential in Scottsdale (Bruce Hart, Paul Fannin, Jason O’Clair, principals) plans to develop 333 apartments within the Plaza del Rio community in Peoria. The multi-family complex, which has been 10 years in the making, is being developed on a 15.7-acre parcel located about a mile west of the […]
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, […]
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 […]
Publish Date 09.04.2015 Volume: XXI Number: 35 www.brewaz.com 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 […]
Publish Date 03.07.2014 Volume: XX Number: 9 www.brewaz.com 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 […]
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 […]