April 23, 2024 4:29 am
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Crow Holdings pays $46.9 million for Phoenix apartments (that’s $185,449 per unit)

Pavilions_on_CentralPhoenix – In what is the highest price per unit ever paid for a Valley apartment project, Crow Holdings in Dallas, Tex. (Harlan Crow, et al., directors) paid $46.919 million ($185,449 per unit) to buy the 253-unit Pavilions on Central apartments at 1 W. Campbell Avenue in Phoenix. The seller was Pavilions Apartments II LLC, a venture formed by Gray Development Group in Phoenix (Bruce Gray, principal) and The Reliant Group in San Francisco, Calif. (Joseph Sherman, pres.). Records show CH Realty VI/MF Phoenix Pavilions LLC (the Crow Holdings entity) paid cash to purchase the Phoenix apartment project. The sale was brokered through Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE in Phoenix. Continue reading

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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.