April 26, 2024 4:13 pm
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Moreno Group sells Phoenix center

Phoenix center

Phoenix centerPhoenix Business Journal

What: South Mountain Crossing, a 132,300-square-foot shopping center in southwest Phoenix

Price: $11.2 million Buyer: South Mountain Retail LLC, a entity that includes Lamar Cos. and Real Capital Solutions

Seller: RN South Mountain Properties LLC, a real estate investment group that includes Los Angeles Angels of Anaheim owner Arte Moreno

Brokers: Lee & Associates principals Jan Fincham and Pat Dempsey The deal: RN South Mountain acquired the retail center and property for $6.1 million at a 2012 bank sale, according to Vizza News.

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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.