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$5M+ Deals – Iconic valley company picks up Scottsdale resort; Phoenix commercial

Below are the deals that closed Friday, February 5, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $62.5M
Buyer: 4925 North Scottsdale Road, LLC
Seller: KHP Scottsdale Hotel, LLC
Property Type: Commercial, Firesky Resort
Property Size: 8.2 acres, 145,147 SF
Location: SEC N Scottsdale Rd & E Chaparral Rd in Scottsdale (4925 N Scottsdale Rd)
APN: 173-32-077
Financing: $7.5M down on new loan
To view the affidavit, click here.

Price: $5.7M
Buyer: W&L Investments Partners, LLP
Seller: OMP PCCP 45th Avenue, LLC
Property Type: Commercial (Commerce Park/General Commerce Park)
Property Size: 5.4 acres, 76,951 SF
Location: NWC N 43rd Ave & W Van Buren St in Phoenix (301 N 45th Ave)
APN: 103-33-039
Financing: $1.66M+ down on new conventional loan
To view the affidavit, click here.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.