Below are the deals that closed Monday, May 11, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.
$91.5 million sale of the American Express property on the west side of N. 31st Avenue and Behrend Drive (3151 and 3202 W. Behrend Drive) in Phoenix by PFRS 3151 Behrend Drive Corp. and PFRS 3202 Behrend Drive Corp., entities created by Glendale, Calif.-based American Realty Advisors, a real estate investment management firm.
The buyer was Griffin (Phoenix Beardsley IPC) Essential Asset RE and Griffin (Phoenix Beardsley TRCW) Essential Asset RE entities created by El Segundo, Calif.-based investment firm Griffin Capital Securities.
The sale consisted of two transactions, one for $33.5 million and the other for $58 million for more than 20 acres of office space in north Phoenix.
The buyer paid cash for the parcels
To view the affidavits, click here and here.
$47 million sale of the Stone Canyon Apartments in Mesa. Business Real Estate Weekly has reported that three tenant-in-common companies formed by Khosro Khaloghli in Costa Mesa, Calif. bought the property.
For more details, click here.
To view the affidavit, click here.
$8.75 million sale of a multi-family home south of the southeast corner of W. Clarendon and N. 5th avenues by Pathfinder Hartman Academy Holdings LLC an entity of Pathfinder Partners LLC, a San Diego-based investment firm.
The buyer was Capital Real Estate – Aura at Midtown LLC, an entity of Capital Real Estate LLC, a Denver-based real estate investment firm specializing in the acquisition, management and disposition of multi-family real estate investments.
To view the affidavit, click here.
