April 19, 2024 10:56 am
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Deco Communities keeps rolling…forms ventures to buy two apartment projects

logoTempe/Phoenix – Two ventures formed by Deco Communities LLC in Scottsdale (Rob Lyles, Patricia Watts, Dan Richards, principals) paid a combined $18 million to buy 347 apartment units in projects in Tempe and Phoenix. The sellers in both transactions were companies formed by TGM Realty Partners in New York City, N.Y. (Thomas Gochberg, pres.). The sales were negotiated by Bert Kempfert of CBRE in Phoenix. HV-Deco Hyde Park LLC, an entity formed by Deco and Valley investor Michael Lieb, paid $9.05 million ($54,192 per unit) to acquire the 167-unit Hyde Park apartments located at 5101 S. Mill Avenue in Tempe. The seller was TGM Hyde Park Inc. Continue reading:

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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.