April 24, 2024 7:03 pm
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More details on recent Mountain Shadows deals

MS rendering
MS rendering
Courtesy of Scottsdale Independent

By Business Real Estate Weekly

Companies formed by Woodbine Development Corp. in Dallas, Tex. (John Scovell, CEO) and Scottsdale-based Westroc Hospitality (Scott Lyon, CEO) paid $10.5 million to buy sites within the Mountain Shadows Resort in Paradise Valley that are targeted for a boutique hotel and residential condominiums.

The landmark Mountain Shadows property takes in 68 acres located along the south side of Lincoln Drive and both sides of 56th Street. Two entities formed by the Woodbine/Westroc venture have taken control of 43.8 acres of the historic resort/golf course community.

MS Resort Owner LLC paid $5.5 million to acquire a portion of the P.V. land that includes the Mountain Shadows Golf Club and a site targeted for a 180-room hotel.

Continued:

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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.