November 21, 2024 4:26 pm
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$5M+ Deals – $80M commercial portfolio; $7.4M Phoenix apartments

Below are the deals that closed Friday, September 25, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $80M
Buyer: LIT Industrial Limited Partnership
Seller: Myron Zimmerman
Property Type: Commercial
Property Size: 67.2 acres, 1,175,007 SF
Location: Phoenix and Gilbert properties – 2020 W Guadalupe Rd, 2075 W Obispo Ave, 1010 N 47th Ave, 601 N 75the Ave, 605 N 75th Ave
APN: 302-09-006H, 302-09-481A, 302-09-481A, 302-24-422, 103-34-018C, 102-42-004, 102-42-005
Financing: Cash

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


Price: $7.475M
Buyer: LILI Rubin Investment Properties, LLC
Seller: Palm Aire Capital, LLC
Property Type: Apartments, Palm Aire Apartments
Property Size: 5.5 acres, 186 units
Location: N 27th Ave & W Claremont St in Phoenix – 6241 N 27th Ave
APN: 156-03-005H, 156-03-005J
Financing: $2M down on new loan

To view the affidavit, click here.

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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.