PHOENIX—CBRE has negotiated four multi-family transactions in the past three weeks totaling nearly $4.75 million. Brian Smuckler and Jeff Seaman with CBRE Phoenix's Multi-Housing Private Capital Group represented both parties in each transaction.
802 N. 4th Avenue
Peoria, Ariz.-based Canwood Enterprise, Inc. has purchased 0.72-acre parcel of land 802 N. 4th Ave. in Phoenix. The seller was PMCM I LP of Gilbert, Ariz. The land, which sits on the northwest corner of 4th Avenue and McKinley Street, was sold for $725,000. The property, zoned multifamily residential, will eventually be developed for multifamily use.
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