Construction Maison

PHOENIX, AZ - Colliers International in Greater Phoenix recently completed the sale of the 468-unit, Class C Willow Springs Apartments in Phoenix for $13.25 million or $28,312 per unit ($42.66 per square foot).Resort on 27th LLC of Los Angeles purchased the property, located at 4715 N. 27th Avenue, from MLCFC 2007- 7 North 27th Avenue LLC of Miami Beach, Florida. Bill Hahn, Jeffrey Sherman, and Trevor Koskovich, executive vice presidents with Colliers International ’s HSK Multifamily Southwest Team , represented both buyer and seller. Built in 1986, the apartment community consists of 14 three- story buildings constructed on a rectangular-shaped site, situated on 13 acres. The property is north of Indian School Road , south of Glenrosa Avenue and west of the I-17. Within 310,596 square feet of living space, the unit mix is 252 one bedroom/one bath, 108 two bedroom/one bath and 108 two bedroom/two bath apartments . Unit amenities inclu...

Los Angeles— Oakwood Worldwide , the award- winning global leader in corporate housing and serviced apartment solutions , added a 141- unit apartment community in Redwood City, Calif., to its global portfolio through its $4 billion partnership with Singapore- based Mapletree Group . The property is the third Oakwood- branded property acquired by the Mapletree Group as part of its collaboration with Oakwood Worldwide , and second within the growing technology center of Silicon Valley. Oakwood Redwood City , previously known as The Lane on the Boulevard, is situated at the heart of Redwood City—just south of San Francisco and north of San Jose. World- leading technology companies are nearby, including Facebook, Google and YouTube. The acquisition showcases Oakwood Worldwide ’s commitment to fulfilling the needs of tech companies in Silicon Valley. “I’m very pleased to include Oakwood Redwood City in our worldwide network ,” said Scott Orrantia, senior vice president and chief in...