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$5M+ Deals – $60.5M for Goodyear commercial; Camelback Rd apartments

Below are the deals that closed Tuesday, February 9, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $60.5M
Buyer: DDR Palm Valley Eat, LLC
Seller: PVPW Corp.
Property Type: Commercial (PAD)
Property Size: 28.8 acres, 232,798 SF
Location: SWC Litchfield Rd & W McDowell Rd in Goodyear (1400 N Litchfield Rd)
APN: 500-04-031B, 500-04-040, 500-04-041, 500-04-042, 500-04-005H, 500-040-05B, 500-04-004T
Financing: $1.4M down on loan from DDR entity
To view the affidavit, click here.

Price: $10.25M
Buyer: CPLC Estancia, LLC
Seller: Camelback 4001, LLC
Property Type: Apartments, Estancia Del Sol
Property Size: 7.5 acres, 351 units
Location: SWC N 39th Ave & W Camelback Rd in Phoenix (4001 W Camelback Rd)
APN: 107-04-003B, 107-04-003C, 107-04-003D
Financing: $0 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.