Site Selection Archives

Land in Glendale and Scottsdale sell for $6.2M

Scottsdale
by in AZRE Magazine | Brokerage | Site Selection

A land parcel in Scottsdale and a second land parcel in Glendale were sold in two separate transactions, which were both negotiated by Lee & Associates. The Glendale land site will be used for an expansion of the Coca Cola bottling plant in the Glendale airport. The 8-acre Glendale land parcel is at the southeast corner… Read More →

11.08 acres purchased in North Scottsdale for $4.35M

by in AZRE Magazine | Site Selection

The self-storage division of the Wentworth Property Company purchased 11.08 acres in North Scottsdale, according to a recent announcement. The land is east of the Loop 101 Freeway near Bell Road and 91st Street and will be the site of an upcoming 120,000-square-foot self-storage facility, called Pima 101. The Arizona developer and its development partner, Crow… Read More →

Maracay Homes buys 31.89 acres in Gilbert

sold
by in AZRE Magazine | Site Selection

Maracay Homes, a wholly owned company of the TRI Pointe Group (NYSE: TPH), closed on a $4.26 million purchase of 63 lots in Gilbert’s fast-growing southern region. Jeremy Lovejoy and Brian Stillman of Insight Land and Investments brokered the transaction between Maracay and the seller, Hari C. Puri. Maracay plans to develop the 31.89 acre… Read More →

Vacant Mesa land site sells for $250k

Mesa
by in AZRE Magazine | Site Selection

A vacant land parcel near Baseline and Sossaman Roads in Mesa was sold to Goldfield Medical Clinics LLC by Fox Family Business LLC, according to the brokers on the deal. ORION Investment Real Estate Senior Vice President Nick Miner represented both the seller, Fox Family Business, and the buyer, Goldfield Medical Clinics, in the $250,000… Read More →

206 acres in Buckeye sell for $18M

Buckeye
by in AZRE Magazine | Site Selection

Scottsdale-based MPC Development LLC purchased 802 partially improved lots in Buckeye for $18,000,000, according to Land Advisors Organization, the listing brokerage firm on the deal. Tempe-based Lennar Communities Development Inc. sold the land, which is located within the Blue Horizon Estates community at the southwest corner of Jackrabbit Trail and Van Buren Street in Buckeye. The… Read More →

2.38 acres in Ahwatukee sell for $1.8M

Ahwatukee land
by in AZRE Magazine | Site Selection

A 2.38-acre parcel of land in Ahwatukee was sold for $1.8 million for the construction of a self-storage facility at Desert Foothills Parkway and Marketplace Way, according to NAI Horizon, which worked on the deal. NAI Horizon Senior Vice President Denise Nunez represented the land seller, Scottsdale-based 1784 Capital Holdings LLC in the deal. Scottsdale-based Moncap… Read More →

1784 Capital Holdings starts construction on Tucson self-storage facility

1784 Capital Holdings
by in AZRE Magazine | Site Selection

Scottsdale-based 1784 Capital Holdings LLC acquired 2.81 acres at 121 W. Orange Grove in Tucson. The company has begun construction of a two-level, freestanding self-storage facility on the property. The 2.81 acres were acquired as two vacant lots. 1784 Capital Holdings LLC purchased the properties from Arizona-based Orange Grove/Oracle LLC and 4-D Properties, LLP. Denise… Read More →

60 acres near South Mountain purchased

by in AZRE Magazine | Site Selection

An Investment firm, Virtua Partners, acquired 60 acres near South Mountain at the northwest corner of 35th Avenue and Carver Road with plans to revise existing entitlement on the land for single-family residential housing. After Virtua Partners revises the entitlements on the land, it plans to sell the property to a home builder. The land… Read More →

How Casa Grande secured the Lucid Motors manufacturing facility

Lucid Motors

Arizona beat out 12 other states competing for the location of a proposed $700 million electric car manufacturing plant. In late November, Gov. Doug Ducey announced that Lucid Motors, a Silicon Valley luxury electric car startup, plans to build its manufacturing center on 500-acres in Casa Grande next year. Lucid Motors, formally Atieva, narrowed down… Read More →

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

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 →