Goodman Real Estate acquires new Scottsdale apartment complex for $66.1M

Article originally posted on CoStar on November 18, 2025

Goodman Real Estate acquired the newly built Scottsdale on Main apartment complex for $66.1 million. (CoStar)

Goodman Real Estate acquired Scottsdale on Main, a 119-unit luxury multifamily community in Scottsdale, Arizona, from Baron Properties for $66.1 million.

Completed in 2024, the four-story midrise property at 6901 E. Main St. features four-over-one podium construction with unobstructed views of Camelback Mountain. The community includes studios and one- and two-bedroom units ranging from 643- to 1,290 square feet, with finishes that include quartz countertops, stainless steel appliances, hardwood flooring and walk-in closets.

“This community is a remarkable addition to our expanding portfolio in the Arizona market,” said John Goodman, founder of Goodman Real Estate. “We are excited to continue exploring strategic investment and growth opportunities in the region, reinforcing our commitment to being an integral part of this thriving and dynamic community,”

“Scottsdale on Main is a perfect fit for our vision — well-located, amenity-rich and full of potential,” said Kelli Jo Norris, president of Goodman Real Estate. “We’re proud to bring the Goodman standard of excellence to this dynamic community.”

The property is located within walking distance of Scottsdale Fashion Square, the Scottsdale Waterfront and restaurants in Old Town Scottsdale.

Goodman Real Estate plans to enhance the community by adding a sauna and spa as part of planned renovations.

For the record

Steven Gebing and Cliff David of Institutional Property Advisors represented the seller.

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