Scottsdale Land Proposed for 684-Unit Multifamily Project Purchased for $36M
On December 22nd, iStar Financial and Meritage Homes purchased residential land in Scottsdale from iStar Financial for $36,000,000 with $9,000,000 down and $27,000,000 in new funding with iStar Financial.
Safeway Distribution Center in Tempe Purchased for $40M
On December 16th, Harrison Properties purchased a 778,374 square foot distribution warehouse on 2.08 acres from Safeway, as a sale-leaseback for $40,000,000 with $17,950,000 down and $26,850,000 in new funding with BMO Harris Bank.
Neighborhood Shopping Center in Wickenburg Purchased for $6.05M
On December 19th, Sam Lamonica purchased one multi-tenant retail building totaling 61,637 square feet from Darrel Stadel for $6,050,000 with $4,046,000 in new funding with The Biltmore Bank of Arizona.