Rise48 Adds to Phoenix Apartment Portfolio

Rise48 Equity has picked up Avenue 8, a 194-unit garden-style apartment community located at 1050 West 8th Avenue in Mesa. Stoneweg was the seller. Stoneweg and Varia paid $21 million for the project in 2017. Newmark’s Brett Polachek, Chris Canter and Brad Goff represented the seller Rise48 says it is ready to begin an immediate...