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The partnership plans to build 335,068 square feet in the Mesa Gateway submarket of Phoenix and 219,480 square feet in the North Las Vegas submarket
The construction loan will finance the development of a one-million-square-foot, transit-oriented project in the city's downtown neighborhood.
Presented by Thought Leadership
Nearshoring is the answer to a lot of industrial woes, from to the dearth of product to supply chain issues and labor shortages.
The firm has acquired two land parcels near Phoenix, AZ to develop the projects, which will total 304 units.
The sale of the 369-unit community represents the largest single-asset core multifamily sale in Arizona's history.
The firm has purchased 1,110 units across the Mountain West region in three separate, off-market transactions.
Bridge Investment Group has acquired three communities in Phoenix, AZ and Albuquerque, NM.
The three-property portfolio includes The Villages at Metro Center and Crystal Creek in Phoenix and Indigo Park in Albuquerque.
The loan both recapitalizes and funds new construction on the Scottsdale, Arizona project.
Marcus & Millichap closed the sale of the eight-asset, 1,077-unit, ERGS portfolio.