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$5M+ Deals – Cactus & Tatum apartments go for $19M; Avondale hospital

Below are the deals that closed Thursday, February 24, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $19M
Buyer: Birchard Group, LLC
Seller: LEM Paradise Trails, LLC
Property Type: Apartments, The Enclave at Paradise Valley
Property Size: 4.7 acres, 127 acres
Location: S of SWC Tatum Blvd & E Cactus Rd in Phoenix (4502 E Paradise Village Pkwy)
APN: 167-45-001N
Financing: $5.7M down on new conventional loan
To view the affidavit, click here.

Price: $12.835M
Buyer: Phoenix Children’s Hospital, Inc.
Seller: PCH Avondale Properties, LLC (Banner Health & Ensemble Real Estate Investments)
Property Type: Commercial, Hospital
Property Size: 12.3 acres, 36,267 SF
Location: NEC N Avondale Blvd & W McDowell Rd in Avondale (1665 N Avondale Blvd)
APN: 102-30-004M
Financing: Cash
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.