November 22, 2024 3:38 pm
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Shea Homes snags large West Valley parcel in state land auction

This 415-acre parcel of land in the West Valley was auctioned for $46.77 million. | ARIZONA STATE LAND DEPARTMENT

(Disclosure: Rose Law Group represents Shea Homes.)

By Angela Gonzales | Phoenix Business Journal

Shea Homes was the winning bidder on Dec. 16 of a 415-acre parcel of state trust land in the West Valley.

The homebuilder was the only bidder at the Arizona State Land Department auction, taking the property for the minimum bid of $46.77 million.

Scottsdale-based Shea Homes already has built two other communities called Alora Vita near that parcel, which is north of the northeast corner of 75th Avenue and Jomax Road north of Peoria, said David Garcia, vice president of land acquisitions and development for Shea Homes.

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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.