November 16, 2024 12:23 pm
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$5M+ Deals – Bob Parsons spends $32.5 on Scottsdale Retail Center

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

Price: $32.5M ($277.70/SF)
Buyer: East Village at Shea (created by GoDaddy founder Bob Parson’s entity)
Seller: Karlin Scottsdale Shea LLC (formed by Karlin Real Estate)
Property Type: Retail Shopping Center
Property Size: 117, 031 SF, 14.2 acres
Location: NWC of E. Shea Blvd and N. 74th St. in Scottsdale (7366 E. Shea Blvd.)
APN: 175-43-001L
Financing: Cash

To view affidavit, click here.

Price: $10.9M ($48,660.71/unit)
Buyer: Avtar C. Verma & Staya P. Verma
Seller: Pacific ECS LP & Pacific ELC LP (formed by Summit Equity Investments entities)
Property Type: Multi-Family (Fountain Oaks Apartments)
Property Size: 224 units, 7.35 acres
Location: E. McDowell Rd. just west of N. 44th St. in Phoenix (1225 N. 40th St.)
APN: 125-19-008, 125-19-010, 125-19-011, 125-19-009, 125-19-006B, 125-19-006C

Financing: Loan with $2.725M down

To view affidavit, click here.

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© 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.