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$5M+ Deals – $94M for Tempe apartments; former trailer park site in Tempe goes for $7.9M

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

Price: $94.2M
Buyer: TR Skywater, LLC
Seller: Tempe 601 W. Rio Salado, LLC
Property Type: Apartments, SkyWater at Town Lake
Property Size: 5.4 acres, 328 units
Location: SWC of S Roosevelt St & W Rio Salado Pkwy in Tempe (601 W Rio Salado Pkwy)
APN: 124-24-248-6
Financing: $47.1M down on new conventional loan
To view the affidavit, click here.

Price: $7.9M
Buyer: Eastline Land Ventures, LLC
Seller: Apache Partners 4, LLC
Property Type: Vacant land (commercial)
Property Size: 6.9 acres, 21,011 SF
Location: SWC of S Roosevelt St & W Rio Salado Pkwy in Tempe (2059 Apache Blvd)
APN: 133-02-035A (additional 9 parcels listed on affidavit)
Financing: $3.9M down on private 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.