November 23, 2024 10:52 pm
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$5M+ Deals – 230 lots sell in Morrison Ranch, $76.1M in Multi-Family sales

Below is a list of the deals closed Wednesday 10/29/14 in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions

The Morrison family has unloaded 230 platted & engineered lots within its Warner Groves at Morrison Ranch community in Gilbert, located at the NWC of Warner & Higley Roads to Maracay and Jen/Terrawest. Click here for all the details on this deal.

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$40.5M sale ($99,264/unit) of the 408 unit Indigo Creek apartments located just north of Thunderbird Road on 51st Avenue (14221 N. 51st Ave.) in Glendale by CFS Indigo Creek LLC, an entity formed by Falcon Southwest out of Austin, Texas. According to the BREW, Falcon purchased the property in September of 2006 for $45.3M ($111,029/unit).

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$35.6M sale of the Garden Grove apartments on Grove Parkway just west of Kyrene Road (900 W. Grove Pkwy) in Tempe by Metropolitan Life Insurance.

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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.