May 6, 2024 10:19 am
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B.H. Properties adds to valley apartment holdings…acquires 180 units in Phoenix

B.H. Properties

B.H. PropertiesPhoenix – A company formed by B.H. Properties in Los Angeles, Calif. (Arsalan “Steve” Gozini, principal) paid $8.1 million ($45,000 per unit) to acquire the 180-unit Papago Crossing apartments located at 4530 E. McDowell Road in Phoenix. The sellers were companies formed by Fannie Mae (Federal National Mortgage Association) in Washington, D.C. and The Related Cos. in New York City, N.Y. (Stephen Ross, chairman). The sale was brokered by Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch ofCBRE in Phoenix. B.H. Papago LLC (Gozini’s company) paid cash to buy Papago Crossing. The sellers were CAM Papago Crossing LLC (Fannie Mae – 75 percent interest) and Related Papago Crossing LLC (The Related Cos. – 25 percent interest). 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.