COVID-19 Statement from ABI Multifamily

As we all navigate these unprecedented and challenging times, we want you to know that we are working hard to maintain effective business operations and open channels of communication with all of our clients. Fortunately, we utilize and rely on technology as the backbone of operations for ABI. Our digital systems and virtual communications capabilities have allowed us to seamlessly and efficiently transition to a mostly remote working model. We are operating with our full capabilities and continue to provide the responsive and timely feedback we are known for.

Our team remains fully committed to providing our expertise in brokerage and advisory services, and serving as a resource for all relevant data and information. We will continue to help multifamily stakeholders make sound decisions in real-time, maintain maximum performance of their investment assets, and synthesize immediate, short, and long-term goals throughout this highly unusual time.

Quite simply - WE ARE HERE FOR YOU - in the best of times and the worst of times. Our seasoned advisors have been through it all. In our business, rents and occupancy are the pillars to stability. We are tracking both and can help you stay ahead of the changes in your submarkets.

It is time to think and act fast so reach out to one of our brokers over the phone or email. At the very least, you will enjoy a good conversation during these socially distant moments. We are all in this together. Here’s to strong health and rapid resolutions to the variety of challenges we collectively face. More power to all of you!

- The Team at ABI Multifamily

Press Release | ABI Broker's $1.6M Land Sale for Luxury Condo Development located in the Heart of the Downtown Scottsdale

ABI Press Releases, Aeries Townhomes land, Alon Shnitzer, Arizona, Downtown Scottsdale, Eddie Chang, John Klocek, multifamily land sale, Patrick Burch, Phoenix Metro

Aeries Townhomes Development (Land) | 3214 North 70th Street, Scottsdale, AZ 85251 | $1,600,000 | $1,896,489 Per Acre | $43.54 Per Land SF Aeries Townhomes Development (Land) | 3214 North 70th Street, Scottsdale, AZ 85251 | $1,600,000 | $1,896,489 Per Acre | $43.54 Per Land SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABIMultifamily.com

ABI Broker's $1.6M Land Sale for Luxury Condo Development located in the Heart of the Downtown Scottsdale


Phoenix, AZ – November 10, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $1,600,000 / $1,896,489 Per Acre / $43.54 Per Square Foot land sale for the Aeries Townhomes development located in Scottsdale, Arizona. Situated near the intersection of 70th St and Osborn, the fully entitled and permit ready development rests on approximately .84 acres in a premiere Scottsdale location. The development plans call for a three-story condominium community whose design incorporates a contemporary and modern style. Upon completion, this luxury property will boast an attractive unit mix of 16 - 2 bedroom units with attached garages and a weighted average size of 1,847 square feet.

"The buyer just completed another similar project in Phoenix, which was very successful and is starting another one in Phoenix as well. This opportunity was a natural fit for the buyer," states Alon Shnitzer, lead broker for the Buyer and Senior Managing Partner at ABI Multifamily.

This development is located in the heart of South Scottsdale and in one of the most sought after submarkets for development in the Phoenix-MSA. Aeries is approximately one mile from Scottsdale Fashion Square and Entertainment Districts and is walking distance to Old Town Scottsdale, the Giants Spring Training facility and Scottsdale Civic Center Plaza.

"The South Scottsdale submarket has long been one of the strongest in the Phoenix market and has done well with for-sale and for-rent product," states Eddie Chang, Partner at ABI, who along with Patrick Burch and John Klocek represented the Seller. "The seller had great success with previous similar projects nearby, paving the path for the buyer to have continued success."

The Buyer is a private developer based in Canada.

The Seller is a private developer based in Arizona.

The multifamily brokerage team of Alon Shnitzer, Eddie Chang, Patrick Burch, John Klocek, John Kobierowski, Rue Bax, and Doug Lazovick represented both the Buyer and Seller in this transation.

ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.