Sales Transactions
1. Blackstone, in care of LivCor, sold Arrowhead Summit, a 412-unit apartment community at 18330 N. 79th Ave. in Glendale, to an entity tracing to NALS Apartment Homes for $101.35M. Asher Gunter, Matt Peach and Austin Groen of CBRE negotiated the transaction.
2. Grandstone at Sunrise at the intersection of Happy Valley Road and Lake Pleasant Parkway in Peoria was recently purchased by Met Life for $45.8M. The 104-unit Build-to-Rent community was sold by Thompson Thrift. The transaction was handled by IPA’s Steve Gebing and Cliff David.
3. Acquire Tucson LLC, an affiliate of JRD Capital LLC, purchased Desert Square Shopping Center, an 88.4KSF retail property in Tucson, for $7.95M. The seller was not disclosed…