PHOENIX—In this edition of Deal-Tracker, ORION Investment Real Estate facilitated the sale of The Glen condominiums located near 63^th Avenue and Bethany Home Road in Glendale. The condominium complex consists of 200 total units, of which 129 were just sold for $5 million. The seller in the transaction was Janet Azar and David Farjoodi of The Glen Condominiums, LLC, which is based in Woodland Hills, CA. The buyer was North63 Holdings LLC, based in Vancouver.

The transaction was negotiated by Christopher Roach and Joseph Dietz of ORION Investment Real Estate based in Scottsdale.

The Glen Condominiums have frontage on 63rd Avenue and are within walking distance of Harold Smith Elementary School providing a benefit to residents and their families as well as a huge rent driver for ownership. Within five minutes of the property is Westgate City Center, offering residents employment and entertainment through 6.5 million square feet of restaurants, bars, retail, and offices. Westgate is also home to Jobing.com Arena home to the Phoenix Coyotes and University of Phoenix Stadium. Furthermore the community is walking distance of Historic Downtown Glendale, an area known for its antique shopping, various restaurants & eateries, festivals, arts and cultural events.