“Imagination is more important than knowledge…”
BASCOM ADDS TO APARTMENT PORTFOLIO . . . PAYS $40.5 MILLION FOR 408 UNITS IN PHOENIX
Glendale – A company formed by Bascom Arizona Ventures LLCpaid $40.5 million ($99,265 per unit) to acquire the 408-unitIndigo Creekapartments located at 14221 N. 51st Avenue in Glendale. The seller was CFS Indigo Creek LLC, a company formed by Falcon Southwest in Austin, Tex. (Phil Capron, pres.).
DOMAIN COMMUNITIES SPENDS $35.9 MILLION FOR 672 UNITS IN PHOENIX
Phoenix – A company formed byDomain Communities in Houston, Tex. (James “J.D.” Golden, principal) paid $35.9 million ($53,423 per unit) to purchase the 672-unit Autumn Ridgeapartments at 1944 W. Thunderbird Road in Phoenix. The seller wasSummit Autumn Ridge LLC, formed by Summit Equity Investments Inc. in Los Angeles, Calif. (Michael Thom, Ryan Lynch, Joseph Rosen, John Lustgarten, partners).
MG PROPERTIES GETS BACK TO VALLEY BUYING . . . ACQUIRES 376 APARTMENTS FOR $35.6 MILLION
Tempe – After making its last Valley investment nine years ago, MG Properties Group in San Diego, Calif. (Mark Gleiberman, principal) is back as a buyer in the Phoenix market with the acquisition of a Tempe apartment project. Maricopa County records show four tenant-in-common (TIC) companies formed by MG Properties paid $35.6 million ($94,680 per unit) to acquire the 376-unit Garden Grove apartments located at 900 W. Grove Parkway.
Reported in this week’s issue of BREW www.brewaz.com
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial Investment Real Estate Broker in Arizona now for 20 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.
WHETHER YOU LEASE OR OWN
NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.
we are at on the a rise of the cycle in Commercial Real Estate. so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix. The prices on deals I may get you will not be around forever.
If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us.
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Walter Unger CCIM
Associate Broker, West USA Commercial Real Estate Advisers
7077 E. Marilyn Road, Bldg 4, Suite 130
Scottsdale, AZ 85254
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