CBRE handles sale of Alliance’s 280-unit Broadstone Uptown PHX Apartments for $87M ($311k/unit) to Christiansen Ventures

4/17/2025

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RE Daily News

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: CBRE Group (NYSE: CBRE), Alliance Residential Company, Christiansen Ventures

PHOENIX (April 17, 2025) – CBRE negotiated the sale of Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, Ariz. CBRE's Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham represented the seller, Alliance Residential Company. Phoenix-based Christiansen Ventures LLC acquired the community for $87 million. Troy Tegeler and CJ Connolly with CBRE's Debt & Structured Finance team, arranged financing for the buyer.