Big Deals: Land, Dec. 2013 to Jan. 2014

azre_big_dealsThere’s no such thing as a “small” deal in this industry, coming out of a recession. However, it’s the big deals, and the brokers who make them, that make the market an interesting one to watch. In every issue, AZRE publishes the top five notable sales and leases for a period of 60 days (one month out from publication) based on research compiled by Cassidy Turley and Colliers International with CoStar.

Top 5 Notable Leases and Sales (December 1, 2013 to January 31, 2014) Source: Cassidy Turley Research Department, Colliers International and CoStar.

Land Sales

1. Ocotillo, Chandler
74 acres; $29M
Buyer: Standard Pacific Homes Inc.
Seller: Ocotillo West, LLC
Listing Brokerage: Nathan & Associates, Inc.

2. Desert Ridge/Tatum Blvd./Pinnacle Peak Rd., Phoenix
105.72 acres; $28.1M
Buyer: Taylor Morrison, Inc.
Seller: Arizona State Land Dept.
Listing Brokerage: Land Advisors Organization

3. City of Mesa Land, Coolidge
1631 acres; $24,467,605
Buyer: Pinal Land Holdings, LLC
Seller: City of Mesa
Listing Brokerage: Nathan & Associates, Inc.

4. Eastmark, Mesa
527 acres; $17,080,310
Buyer: Meritage Homes, Inc.
Seller: DMB & Associates, Inc.
Listing Brokerage: Nathan & Associates, Inc.

5. Scottsdale One, Scottsdale
13.5 acres; $14.5M
Buyer: TDI
Seller: DMB & Associates, Inc.
Listing Brokerage: Nathan & Associates, Inc.