$5M+ Deals – Parcel on Mountain Shadows resort, apartments in Phoenix

Below are the deals closed Friday, February 20, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. The Rose Law Group Reporter has not independently verified these transactions.

$5.8 million sale of Tuscano Village apartments at the northeast corner of N. 68th Drive and W. Bethany Home Road (6816 W. Bethany Home Road), in Phoenix, by Marian Lee Apartments LLC.

The complex, built in 1974, includes 120 units on 9.75 acres, according to loopnet.com.

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$5.5 million sale of at least one parcel at the southwest corner of N. 56th Street and E. Lincoln Drive, in Paradise Valley, by MTS Land LLC, an entity of California-based Crown Realty & Development. The parcels are part of the Mountain Shadows resort, which is being re-built.


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