Lock Box

Real Estate News

• Real estate: $85M Class A deal in Ahwatukee May 23, 2017
  Seattle-based Security Properties has paid $85.25 million for a Class A apartment development in Ahwatukee. Security bought the 576-unit Andante complex near Chandler Boulevard and Interstate 10, The seller was Chicago-based Waterton. Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE Group Inc. (NYSE: CBG) represented the seller. “Andante is a well-maintained suburban […]
• Canadian developer adds to West Valley holdings with $10M buy May 22, 2017
  Canadian developer and home builder Melcor Developments has bought 196 acres west of Phoenix for just under $10.2 million. Melcor Developments Ltd. (TSE: MRD) bought the West Valley land from Sunbelt Holdings. Scottsdale-based Land Advisors Organization represented Edmonton-based Melcor in the land deal. Nathan & Associates represented Sunbelt. The land is near Yuma and Perryville […]