Welcome to Dealmaker’s first installment of Blockbuster Land Deals, a monthly report on the top commercial land deals in the Valley, based on filings with the Maricopa County Recorder.
By Philip Haldiman, Editor-in-Chief | Dealmaker
Let’s not kid ourselves − Real estate is big business here in the Valley. And this becomes even more obvious after reading Dealmaker’s newest feature – Blockbuster Land Deals.
We’ve compiled a list of the top 10 commercial land transactions that went down last month, according to the Maricopa County Recorder. The multi-family market continues to be hot with all but one deal being either apartments or condos spanning from Mesa to Chandler and throughout Phoenix.
In January, more than $355 million changed hands in the top 10 commercial real estate transactions. The number one blockbuster was the $63 million purchase of the 552-unit Pinnacle at South Mountain apartments in Phoenix.
And so, without further ado, welcome to the first Blockbuster Land Deals, January edition.
- Pinnacle at South Mountain apartments in Phoenix, $63M
- Domus apartment community in Phoenix, $51.5M
- Office complex in Scottsdale, $49.15M
- Trillium Cave Creek apartment complex in Phoenix, $42.5M
- Midtown On Main apartments in Mesa, $34.95M
- Pointe at South Mountain apartments, $33M
- Azure Creek apartments in Phoenix, $23.35M
- Condominiums in Chandler, $21M
- Green Leaf apartments in Mesa, $19.2M
- Hawthorne condominiums in midtown area of Phoenix, $19.1M
