Business Real Estate Weekly by Rose Law Group
Scottsdale – A limited partnership formed by Optimus US Real Estate Fund in Calgary, Alberta, Canada, (Arthur Wong, CEO) paid $19 million ($125,000 per unit) to buy 152 units within The Allison condominium project at 14145 N. 92nd Street in Scottsdale. The seller was Holualoa Allison LLC, a company formed by Holualoa Arizona Inc. in Tucson (Mike Kasser, principal). The Scottsdale multi-family deal was brokered through Mark Forrester, Ric Holway and Dan Cheyne of Hendricks-Berkadia in Phoenix. Maricopa County records show Optimus Allison Borrower LP (Optimus US Real Estate Fund) acquired the units within The Allison with a $10 million loan from B2R Finance L.P. in Charlotte, N.C. That limited partnership is owned by Blackstone Group LP in New York City, N.Y. (NYSE:BX). In April 2011, BREW reported the Holualoa entity paying just under $10.338 million ($72,802 per unit) to buy 142 units at The Allison. Holualoa was able to acquire another 10 units within the broken condominium project in Scottsdale before agreeing to sell all 152 condos to the Optimus fund. Continued
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