Phoenix

Cushman & Wakefield brokered the sale of the 222-unit, luxury multifamily community in Flagstaff, AZ.

As office workers return, owners are focused on routinely cleaning common spaces and providing amenities, including restaurants and safe socialization.

Phoenix, Seattle, Nashville, Salt Lake City and Las Vegas join the list, which highlights markets that are expected to outperform the nation.

IPA represented the Statesman Group in selling the luxury, 335-unit apartment complex for $349,254 per unit.

JLL Income Property Trust purchased the newly-constructed, 474,000-square-foot, Southeast Phoenix Distribution Center, which is 96% leased.

The firm has acquired the five-property asset in Tempe, AZ from BKM Capital Partners.

The community investor is launching a national fund for accredited investors looking to enter the Arizona market.

The developer plans to build 1,600 units in Phoenix and Scottsdale, a total investment of $500 million.