Gilbert
REAL ESTATE
94-unit Build-to-Rent Planned in Scottsdale
MODUS Companies (MODUS Development) has submitted a proposal for a 94-unit single-family Build-to-Rent development in south Scottsdale on Oak Street near 64th Street. Papago Village would provide 46 one-bedroom and 48 two-bedroom units on 10.01 gross acres. According to the project narrative, the development will have a Mid-Century Modern design...
NAI Horizon facilitates $1.275M acquisition of land in Tempe for 62-unit multifamily project
NAI Horizon represented the buyer in the acquisition of parcels of land totaling 40,973 SF in Tempe, Arizona, that will be rezoned for a multifamily project. NAI Horizon’s Jay Mininberg, J.D., represented the Buyer, FJT1 Rental, LLC, of Mesa, Arizona, in the $1.275 million (approximately $31/SF) acquisition of 2422 E. Apache Blvd., 2424 E. Apache Blvd., and 1114 S. Lebanon Lane in Tempe. The parcels total .94 acres.
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