AZCentral’s Deal Report | Week of July 18, 2014
• Entities of Commingled Pension Trust Fund (Strategic Property) JP Morgan Chase Bank in New York sold Pinnacle Terrace in Chandler and Pinnacle at Union Hills in Phoenix to TA Associates for $75.45 million. Steve Gebing and Cliff David of Marcus & Millichap in Phoenix represented the seller. The buyer of these luxury apartment communities was self-represented.
• EP Boone Investments LLC of El Paso sold Camelback Vista at 2930 W. Camelback Road in Phoenix to La Fuente de la Comunidad LLC for $5.125 million. David, Gebing, Rich Butler and Brian Tranetzkiof Marcus & Millichap in Phoenix represented the seller. Todd Noel of Colliers International in Phoenix represented the buyer of this 200-unit apartment community.