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$5M+ Deals – $94M in apartments & $7.7M at Morrison Ranch

Below are the deals that closed Thursday, July 16, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $66.3M
Buyer:  SPUS7 Element, LP
Seller:  Canyons North 23rd Avenue LLC
Property Type:  Apartment building, Broadstone Element apartments
Property Size:  15.6 acres, 629 units
Location:  SEC W Beardsley Rd & I-17 in Phoenix (19940 N 23rd Ave)
APN:  209-16-019 & 209-16-020
Financing:  $0 down on new conventional loan

To view the affidavit, click here. For more information, click here.

Price: $28M
Buyer:  Sonoran Apache LLC & Quail Canyon LLC
Seller:  FSC Morningside Associates, LLC
Property Type:  Apartment building, Morningside Apartments
Property Size:  9.6 acres, 160 units
Location:  NEC E Via Linda & N 104th St in Scottsdale (10455 E Via Linda Rd)
APN:  217-34-018K
Financing:  $11.7M on assumption of existing loan

To view the affidavit, click here.

Price: $7.7M
Buyer:  Morrison Ranch, Inc.
Seller:  J&M Land and Investment Company & B&K Land and Investment Company, LLP
Property Type:  vacant land
Property Size:  52.9 acres
Location:  SEC E Guadalupe Rd & S Power Rd in Gilbert
APN:  304-05-020Z (on affidavit as 304-02-020W)
Financing:  Seller loan

To view the 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.