Site Selection Archives

51 acres in Queen Creek bought for gravel mine

Scottsdale
by in AZRE Magazine | Site Selection

Investment firm Virtua Partners purchased 51 acres in Queen Creek for $996,642, with plans to mine and sell the surface materials and negotiate a long-term lease with a sand and gravel operator. Virtua Partners purchased the land out of REO, for $19,542 per acre. If it turns out to be more profitable, Virtual could complete… Read More →

Purchased land near Mill Ave. planned for high-rise apartments

Downtown
by in AZRE Magazine | Brokerage | Site Selection

An investment firm plans to develop a high-rise apartment project at one of the two plots of land it purchased near Mill Avenue, according to Cushman & Wakefield who represented the sellers in the deal. Core Campus Investment Partners LLC purchased .75 acres at the southeast corner of Seventh Street and Mill Avenue in Tempe, along… Read More →

After $80M land deal, Buckeye starts to see momentum

Buckeye
by in AZRE Magazine | Site Selection

The housing market is on the rise with a Buckeye development, Tartesso, creating new and exciting opportunities for residents and the Arizona real estate industry. Tartesso is an 11,000-acre master-planned community in the Phoenix area’s westernmost suburb. In early September, Dolphin Partners of Irvine, Calif., paid $80 million for the land, making it the largest… Read More →

Land Advisors Organization to host forum, forecast on land transactions

Copyright: wollertz / 123RF Stock Photo
by in AZRE Magazine | Site Selection

Proper site selection is vitally important for any development’s success. Land Advisors Organization is hosting a forum, on Wednesday, Dec. 7 that will analyze the past, present and future of land transactions and the data behind these land deals. The program will feature industry experts such as John Burns, CEO of John Burns Real Estate Consulting; Elliott Pollack,… Read More →

NAI Horizon negotiates 2.78-acre Ahwatukee land sale

sold
by in AZRE Magazine | Site Selection

NAI Horizon Senior Vice President Denise Nuñez represented the buyer in a $580,000 land sale for the construction of a 104,000-square-foot self-storage facility at Desert Foothills Parkway and Marketplace Way in Ahwatukee. Nuñez, with NAI Horizon’s National Self Storage Investment Group, represented Arizona-based 1784 Capital Holdings LLC. “We chose this site for its rare opportunity… Read More →

Coyotes arena location picked for Tempe

Coyotes arena
by in AZRE Magazine | Site Selection

Catellus Development Corporation, master developer for the Arizona State University Athletic Facilities District, has entered into an exclusive negotiating agreement with the Arizona Coyotes holding company, IceArizona Holdings, to produce a development plan for approximately 58-acres in the district that would include a new arena and commercial development project. The proposed development location is on… Read More →

Senior living facility plans announced for uptown Phoenix

uptown phoenix
by in AZRE Magazine | Site Selection

Scottsdale-based Solterra Senior Living leased 1.93-acres at Third Avenue and Indian School Road in uptown Phoenix, with plans to build a 164-bed assisted living facility, according to Cushman & Wakefield. The land where the facility will go is Located on the southwest corner of Third Avenue and Indian School Road in a vacant lot behind a QuikTrip gas… Read More →

Home developer buys land near 3rd Street and Central Avenue

home developer
by in AZRE Magazine | Site Selection

Green Street Communities Inc., a Phoenix-based residential design/build developer since 2012, purchased approximately 2.6 acres of R-6 zoned land at the eastern perimeter of the Church for the Nations, 6225 N. Central Ave. NAI Horizon Associate Kim Kristoff represented Green Street Communities in the $1.298 million sale. The eastern portion of the church property, deemed… Read More →

11,000-acres purchased in Buckeye for master-planned community

sold
by in AZRE Magazine | Site Selection

A joint venture group purchased 11,000-acres in Buckeye for $80 million with plans to build a master-planned community on the site. The sale accounts for the largest land purchase in the Buckeye area since the housing market downturn in 2008. Illinois-based Bixby Bridge Capital, Phoenix-based Quantum Capital and California-based Dolphin Partners purchased the land in… Read More →

Land near Baseline Road and Central Avenue sells for $1M

baseline road
by in AZRE Magazine | Site Selection

ORION Investment Real Estate recently negotiated the land site located at 123 E. Baseline Rd. in Phoenix for $1,030,000 ($8.75/SF). Situated east of the southeast corner of Baseline Road and Central Avenue, the vacant land totals ±2.70 acres and is zoned C-2. It is located adjacent to an Arby’s. and surrounded by other retailers and… Read More →

77-acres sold in Buckeye for new manufacturing facility

Buckeye
by in AZRE Magazine | Brokerage | Site Selection

Cardinal IG purchased 77-acres of land in Buckeye to build a 250,000-square-foot manufacturing facility. Cardinal IG purchased the land from Evergreen Devco Inc. and Evergreen-Apache & Southern LLC. The Phoenix office of JLL brokered the deal on behalf of the sellers. Cardinal IG will develop a 250,000-square-foot, build-to-suit advanced glass manufacturing facility at the site. The project will… Read More →

Solar goes big with Arizona land purchases

solar.plant

Arizona may be lacking many things, but it is certainly ripe with land. There are 9.2 million acres of publicly held land in the Arizona Land Trust and there are plenty of private land owners with parcels available, too. Solar land developers have taken notice. Since the Solar Investment Tax Credit was extended last year… Read More →

22-acres of Deer Valley industrial land sells for $7M

Industrial land
by in AZRE Magazine | Site Selection

Daum Commercial Real Estate Services negotiated the 22-acre industrial land purchase located at the southeast corner of 23rd Avenue and Alameda Road in Deer Valley. The land sold for $7 million. The transaction was made successful through Robert Lundstedt, Trevor McKendry, and Chris Rogers of Daum Phoenix, who represented both the buyer, Griffin Opportunities of Los… Read More →

Evergreen Development acquires 1.12-acre parcel in Peoria

Evergreen Development
by in AZRE Magazine | Site Selection

Evergreen Development acquired 1.12 acres of land adjacent to the new Fry’s Marketplace development at 25355 N. Lake Pleasant Pkwy., on the northeast corner of Happy Valley Road and North Lake Pleasant Parkway in Peoria. Evergreen plans to break ground on the planned 7,550-square-foot multi-tenant building this month. The Shops at Lake Pleasant are already 70… Read More →