November 22, 2024 5:12 am
Facebook Twitter Youtube Instagram Linkedin
Rose Law Group

HSL Properties spends $50.65M to buy 44 Monroe apartments in downtown Phoenix

Monroe

BMonroey Business Real Estate Weekly

HSL Properties Inc. in Tucson (Humberto Lopez, principal) has added to its multi-family holdings in the Valley with the $50.65 million purchase of 44 Monroe, a 184-unit apartment tower located at 44 W. Monroe Street in downtown Phoenix.

The seller was WRT-Monroe Property L.P., formed by Winthrop Realty Trust in Boston, Ma. (NYSE:FUR, Michael Ashner, CEO).

The deal was brokered through Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE in Phoenix.

The buyer acquired the property with a $30 + million loan from National Bank of Arizona.

The 34-story tower, which is served by an 8-level parking garage, has 1,377 sq. ft. of ground floor retail space that is available for lease.

Continued:

Share this!

Additional Articles
News Categories

Get Involved

Stay Informed

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

learn more

Recent Articles

PRTA suspends operations

(Disclosure: Rose Law Group represents a coalition of property and business owners throughout Pinal County who have worked to bring new transportation infrastructure to the

Read More »

Post Calendar

Rose-Law-Group-RCF-Logo-FINAL-LG-png.png
Facebook Twitter Youtube Instagram Linkedin
© 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.