November 22, 2024 12:00 pm
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Three big Oro Valley land parcels sold; valued at $9.2 million

By Roger Yohem

Inside Tucson Business

Rancho“This is the year of the resurgent homebuilders market,” insists land broker Will White in light of three large land sales that closed in recent weeks.  Together, the deals are valued at $9.2 million.

The surge in land acquisitions was led by national builders Lennar Arizona, Richmond American Homes and Maracay Homes. Plus, a California-based investment company increased its holdings in the Rancho Vistoso master-planned community that is located in Oro Valley.

A partnership of Lennar and Richmond American made the largest purchase: 165 platted lots at Mountain Vail Estates on Mary Ann Cleveland Way for $4.3 million. The seller was MC 140 LLC, an affiliate of Diamond Ventures Inc.

For $2.4 million, Richmond bought 88 lots and for $1.9 million, Lennar bought 77 lots. The 135-acre master-planned community in Vail has about 500 home sites overall.

Continued: 

Also: Gladden Farms sold to NY developers

If you’d like to discuss real estate matters, contact RLG founder Jordan Rose, jrose@roselawgroup.com

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.