Hot submarkets and new ‘entry level’ prices
(Disclosure: Rose Law Group represents Richmond American Homes.) By Mike Sunnucks | Rose Law Group Reporter Home prices in the Phoenix metropolitan area continue to increase with last year’s strong demand continuing into 2021. “Prices are just going through the roof,” said Steven Hensley, advisory manager for real estate research firm Zonda. Hensley points to…
Zombie subdivision due for a makeover as Casa Vista comes back to life
By GABRIELLE OLIVERA, Staff Writer CASA GRANDE — After years of inactivity, an empty “zombie” subdivision will be getting a makeover as builders made an appearance at Thursday’s Planning and Zoning Commission meeting. During the meeting, there was a public hearing and consideration for Iplan Consulting on behalf of Century Communities for land use approvals…
Multifamily Proposed for West Maricopa Village
by Monica Tapia in Planning & Development Credit: Architectural Resource Team/Base4/City of Maricopa By Tasha Anderson for AZBEX The second phase of West Maricopa Village, the new 35-acre master plan development including single-family for rent homes, apartments, retail and office space, is making its way through the City of Maricopa’s Planning Department. Developer, Z-Modular is requesting approval of the site plan, landscape,…
Lennar joins Richmond American at Red Rock Village MPC
Post author:Karen Schutte PINAL COUNTY, ARIZONA — Lennar purchased an additional 102 lots in the Red Rock Village MPC for $4.59 million ($45,000 per finished lot). The lots are 40’ X 115′ and are Lennar’s first purchase in the Red Rock Village community. The lots were purchased from Sunbelt Holdings. Sunbelt acquired the remaining 680-acres…
160-acre development site in Coolidge sells for $2,002,250
AZRE A 160-acre development site located at the northwest corner of Nafziger Road and Martin Road in Coolidge, Pinal County, Arizona, has sold for $2,002,250. The seller P & L Arizona Real Estate LLC, a Chicago restaurant group, was represented in the transaction by Kidder Mathews commercial real estate broker Brian Rosella. The property was purchased by Chicago…
Gated,multifamily community planned at Tortosa
By Bob McGovern Site plan for the proposed Honeycutt Run development in Tortosa. Credit: Sandbox Development Associates. A gated, multifamily development is planned for a 20-acre property in Tortosa. Honeycutt Run will consist of 209 single-story and detached units at the southeast corner of Honeycutt and Hartman roads, according to the developer, Sandbox Development Consultants of Phoenix. A commercial use would be…