March 29, 2025 9:25 am
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Rose Law Group

$18M sale of Waterfront land could change face of canal in Scottsdale

$18M sale of some or all of the 11 acre assemblage of land in downtown Scottsdale once planned for a $600M Solis Hotel north of the W hotel and wrapping along the east side of the canal as it extends north from Camelback Road. County records show the parcel sold was a .201 acre site, but unless the highest per square foot commercial sale just happened, the deal included more than that. IMH Financial Corporation foreclosed on the property and formed AZ-Waters Edge LLC, which was the only bidder in the auction of the property and the seller in this transaction.


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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.