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Recent residential development sales in Metro Tucson total $6.27 million

Posted by   /  November 22, 2017  /  Real Estate  /  No Comments

Meritage

By Karen Schutte | Real Estate Daily News Meritage Homes of Arizona purchased 26.72 acres block platted land at Silverhawke North subdivision in Oro Valley, in the northwest submarket of Tucson, for $3,489,575. Zoning for the block is R1-7 but the number of lots was undetermined. The seller, Capri Company of Tucson (Herb Kai, manager) was […]

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Meritage 3Q earnings top expectations

Posted by   /  October 27, 2017  /  Real Estate  /  No Comments

Meritage

Closings up 9%, orders up 8%, backlog up 3%. Builder Meritage Homes Corporation, Scottsdale (NYSE:MTH) on Friday morning reported net income of $42.6 million ($1.02 per diluted share) for the third quarter of 2017, compared to prior year net earnings of $36.9 million ($0.88 per diluted share), Analysts were expecting a gain of $0.93 per […]

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Meritage reloads at La Estancia / Richmond continues acquisition surge this time at Dove Mountain

Posted by   /  October 12, 2017  /  Real Estate  /  No Comments

By Karen Schutte | Real Estate Daily News Meritage Homes acquired 142 SFR lots at La Estancia having almost completed its first phase of 195 lots in this new master planned community since opening in June 2016. The seller, SBH La Estancia, an affiliate of Sunbelt Holdings, sold the lots for $6.25 million, or $44,000 per finished […]

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Phase I Gladden Farms closed out with final sale to Meritage Homes this week

Posted by   /  August 28, 2017  /  Real Estate  /  No Comments

By Karen Schutte | Real Estate Daily News MARANA, Arizona – Meritage Homes recently closed on the last two blocks at Gladden Farms in Phase I for $1.82 million ($24,000 per lot). Blocks 7 and 13 sold platted for 76 homesites by Crown West Realty (Dean Wingert member) the developer. Gladden Farms is a 1,350-acre master planned […]

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Can a show home teach utilities how to save trillions of dollars?

Posted by   /  July 17, 2017  /  Real Estate  /  No Comments

Meritage Homes takes load management to a level that revamps home energy and utility. By Jennifer Castenson | Builder All ideas need a passionate ambassador to become a reality, to become mainstream and loved by the public. Sometimes, that’s what it takes to change the world. One of my favorite stories is how Phil Knight […]

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