Phoenix – September 17, 2015 – CBRE has announced three multifamily property sales worth more than $3 million in consideration. Brian Smuckler and Jeff Seaman, specialists in multifamily investments in the firm's Phoenix office, have completed the following sales transactions in Phoenix:
La Ville, a 19-unit community located at 4231 North 27th Street in Phoenix, sold for $1.25 million. The buyer was 3311 North 18th Street, LLC of Phoenix, Arizona. The seller was TWM Arizona Two, LLC of Saratoga, California.
Laird, a 12-unit property located at 317 West McDowell Road in Phoenix, sold for $1.11 million. The Buyer was 317 W McDowell Road, LLC of La Jolla, California. The Seller was Laird Apartments LLC, of Phoenix, Arizona.
Rosa Vista Manor, an 11-unit property located at 7537 North 21st Avenue in Phoenix, sold for $700,000. The Buyer was Bryan Nash of Orange, California. The Seller was Sir Julian, LLC, of Phoenix, Arizona.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.