April 19, 2024 2:34 pm
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Home builder spends $22M on land in Peoria, Gilbert

MaracayTwitterBy Mike Sunnucks | Phoenix Business Journal

(Disclosure: Rose Law Group represents Maracay Homes.)

Scottsdale-based Maracay Homes has bought land in Peoria and Gilbert for close to $22 million.

The home builder could build as many as 279 homes on the suburban land acquired in separate deals.

Maracay paid $17.3 million for 174 lots on 82 acres in Peoria at a property called the Meadows at Camino a Lago. The seller was Communities Southwest Management Inc. The lots are located at Deer Valley Road and 91st Avenue in the West Valley.

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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.