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Sunbelt Holdings Acquires Laveen Vistas for $7.2m+


VIZZDA—November 5th, 2012 — Mark Shekerjian of Parkway Bank & Trust has sold 190.73 acres of agricultural land North of the Northwest corner of 51st Avenue and Carver Road to Sunbelt Holdings for $7,218,100 or $37,990 per acre. Sunbelt Holdings paid $2,165,430 in cash to acquire the property and secured it with $5,052,670 new debt, seller carry, with a maximum allowable lien of $10,105,340.

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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.