The 234 Apartment

PHOENIX, Aug. 21 -- Hines issued the following news release: Hines, the international real estate firm , has entered into a joint venture agreement with New York Life Real Estate Investors , on behalf of its institutional client , as its equity partner to develop the Offices at Chandler Viridian .The Offices at Chandler Viridian is a six-story, Class A office building with 250,000 square feet of space located at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center ."The Offices at Chandler Viridian is a highly desirable office building offering users the connectivity needed in today's business world. The addition of New York Life Real Estate Investors ' institutional client creates a powerhouse partnership for this project," said Chris Anderson, managing director and Arizona leader for Hines. "Without leaving the Chandler Viridian campus , tenants will be able to stay at a beautiful new hotel, live at a luxury multifamily complex , ea...

Framing began this week for 346 apartments in Chino Hills on the northeast corner of Fairfield Ranch Road and Monte Vista Avenue , east of the 71 Freeway. Units are expected to open in May 2018, according to Eric Heffner, director of real estate development for Bridge Investment Group Holdings , LLC. He said he could not predict the rent but costs will be priced at what the market will bear when they open. The very- high density apartment complex on 15 acres will include 18 buildings containing 1-to 3-bedroom units, ranging in size from 751 to 1,276 square feet. Gross density of the project is 23 dwelling units per acre. The gated complex will be called Crossings at Chino Hills and include a 4,077-square-foot clubhouse and gym, barbecue areas, grass areas, and a dog run. Wermers Multifamily Corporation is the contractor. It adjoins the Fairfield Ranch Commons business park that is almost fully occupied. The business park and apartment complex properties were purchased by Turner R...