November 17, 2024 4:46 pm
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44 Monroe sold to Boston REIT for $40 million

44 MonroeBy Kristena Hansen | Phoenix Business Journal

Downtown Phoenix’s 44 Monroe — Arizona’s tallest residential tower — has officially been sold to a publicly-traded real estate investment trust in Boston for $40 million.

The sale was part of a $246 million portfolio deal that included three other luxury apartment projects, which are Highgrove in Stamford, Conn.; Mosaic II in Houston and San Pedro Lofts in San Pedro, Texas.

The buyer, Winthrop Realty Trust (NYSE:FUR), first disclosed it had entered an agreement to buy the portfolio from ST Residential back.

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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.