Phoenix, AZ - April 4, 2012 - (RealEstateRama) -- Sperry Van Ness, LLC facilitated the sale of Bear Canyon Apartments, located at 9055 E. Catalina Hwy in Tucson, Arizona. The Class A luxury apartments sold at 5.87% Cap Rate on in place numbers, highest cost per unit in recent years on March 21, 2012. The 238-unit property consists of 19 buildings built in 1996 and situated on approximately 13.5 acres with Santa Catalina Mountain Views. The Seller was Arbor Realty Trust, Inc., and the Buyer was HSL Properties, Inc.
Scottsdale, AZ - October 7, 2011 - (RealEstateRama) -- Sperry Van Ness – SVN Partners in Greater Phoenix negotiated the $675,000 REO sale of the former L & G Center located at 9188 E. San Salvador in Scottsdale, Arizona. Neil Sherman, Nicole Ridberg, and Justin Horwitz of Sperry Van Ness’ Phoenix office represented the seller, Centennial Bank. The property was acquired by Mark Siegel, D.O. and Sathish Chari, D.D.S, who was represented by Thomas Weinhold of the NAI Horizon office in Phoenix, Arizona.