April 25, 2024 2:03 am
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GoDaddy founder, who ‘doesn’t do anything small,’ buys Westgate district in Glendale

Westgate Entertainment District

 

By Jen Fifield | The Republic

The Westgate Entertainment District in Glendale now has the backing of a local billionaire.

YAM Properties, the commercial real-estate company owned by GoDaddy founder Bob Parsons, announced today it has purchased the 76-acre property from iStar Inc. The sale price was $133 million, according to Jesse Goldsmith, vice president at CBRE and one of the property’s brokers.

Parsons, of Scottsdale, said in a released statement that he sees huge potential for the entertainment district along Loop 101 and Glendale Avenue, which borders Gila River Arena, home of the Arizona Coyotes, and is near University of Phoenix Stadium, home of the Arizona Cardinals.

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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.