by Rick Griffin
— The 128-unit Oakbrook Ridge community, on approximately seven acres off Paradise Valley Road, has been sold for $18.8 million. Cushman & Wakefield said the buyer was Charles Frederick Kreutzkamp and the seller was R&V Management Corp. The apartments were built in 1985.
— The 20-unit Kenwood apartment complex at 9062 Kenwood Dr. has been sold for $1.9 million. The buyer was Twin Management Services LLC of Irvine, Calif., and the seller was Kenwood Best LLC. The acquisition was financed with a loan of $1,425,000 from JPMorgan Chase Bank. The apartments were built in 1979. In June 2006, the property was sold for $2,175,000, with financing of $1.65 million.
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