ARIZONA NEWS

Chicago-based real estate company buys apartment complex in Scottsdale

Apr 23, 2019, 4:44 AM | Updated: 3:37 pm
(Screenshot: Rockwell Partners)...
(Screenshot: Rockwell Partners)
(Screenshot: Rockwell Partners)

PHOENIX — It’s called the “Chicago of the West” for a reason.

Rockwell Partners — a real estate company based in Chicago — bought Tatum Place Apartments in Scottsdale for $26.15 million. The property is located near the State Route 51 and Loop 101 freeways.

The 35-year-old apartment complex features 11 two-story buildings with two swimming pools and a fitness center.

Rockwell has a $4 million budget to spend on renovations of Tatum Place. Prior to taking over, Rockwell representatives say the former owner of the property spent over $1 million recently in renovations.

The property was last sold in 2016 for $18.1 million, according to the Kasten Long Commercial Group Weekly Apartment Closing Update.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Pexels Photo)...
Danny Shapiro

Navajo Nation, Hard Rock partner for mobile sportsbook in Arizona

Navajo Nation and Hard Rock have teamed up for the latest mobile sportsbook option in Arizona.
13 hours ago
(Twitter Photo/@DMAFB)...
Associated Press

Arizona Air Force base troops could be deployed if Russia invades Ukraine

Davis-Monthan Air Force Base in Tucson is one of several military installations the Department of Defense has identified as having troops that could be deployed if Russian forces invade Ukraine.
13 hours ago
(Screenshot via Phoenix Police Facebook)...
Marcia Hammond

2 Phoenix officers, 2 bystanders pull injured driver from burning car

Two Phoenix police officers who pulled an unconscious man from a burning SUV this week shrugged off praise and said the rescue was all in a day's work.
13 hours ago
A woman wearing a face mask to curb the spread of coronavirus walks past a health campaign poster f...
KTAR.com

Arizona’s COVID-19 death toll surpasses 26,000, 11th most in nation

Arizona’s COVID-19 death count surpassed 26,000 on Friday, 15 days after reaching the 25,000 mark.
13 hours ago
William Rice, left, and Christina Harnish (Pima County Sheriff's Department Photos)...
Associated Press

2 suspects in 2017 Maryland murder case arrested at Arizona homeless camp

A man and woman wanted in connection with a Maryland murder case in 2017 have been arrested at a homeless camp in southern Arizona, authorities said Thursday.
13 hours ago
(Screenshot/ADOT Webcam)...
KTAR.com

2 die in wrong-way crash on southbound Loop 303 in West Valley early Friday

Two people died in a wrong-way crash that shut down part of Loop 303 in the West Valley early Friday.
13 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

HVAC upkeep in Arizona saves money, keeps families prepared in the long run

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
...
ENVOQUE MD

Thyroid issues: Here are the warning signs and what to do

In a 100-person office in the United States, an estimated 12 co-workers, employees and loved ones, will likely develop a thyroid condition during their lifetime. That’s because, according to the American Thyroid Association, more than 12% of the U.S. population will experience thyroid issues.
GLENDALE, AZ - DECEMBER 27: Wide receivers John Brown #12 and Larry Fitzgerald #11 of the Arizona C...
Arizona Department of Gaming

The most memorable games in Arizona sports history every fan needs to know

Sports teams in Arizona have seen their fair share of instant classic games, but there's a few that every fan needs to know.
Chicago-based real estate company buys apartment complex in Scottsdale