Below are the deals that closed Wednesday, April 15, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.
$50.65 million sale of 44 Monroe, a 184-unit high-rise apartment on the northeast corner of Monroe Street and First Avenue (44 W. Monroe Street) in downtown Phoenix by WRT-Monroe Property LP.
Yesterday Business Real Estate Weekly reported HSL Properties Inc. in Tucson bought the property.
For more information, click here.
To view the affidavit, click here.
$5.32 million sale of vacant land in the vicinity of Camelback Road and Loop 303 in Goodyear by RP PV I LLC, an entity of Rockpoint Group, LLC, a Boston-based real estate private equity firm and registered investment adviser.
The buyer was Recreational Equipment Inc., more commonly known as outdoor recreation retailer, REI.
The buyer paid cash for the roughly 43 acres, an area in the far west Valley that remains somewhat undeveloped. However, with the completion of the freeway at Camelback Road and construction between Interstate 10 and Van Buren Street expected to start in fall 2015, the area is poised for development.
To view the affidavit, click here.
