10 of the biggest land deals of the week

(Disclosure: Rose Law Group represents Lennar, Mattamy and K Hovnanian.)

By AZRE | AZ Big Media

There were some major land deals in Arizona reported this week, according to Vizzda. According a recent report at azbigmedia.com, while many industry sectors across Arizona and the U.S. have taken devastating hits during the prolonged COVID-19 pandemic, the state’s land market and housing market have shown incredible resiliency and more impressively, growth.

Here are 10 of the biggest land deals of the last week.

• DR Horton purchased 220 lots on the northeast corner of Hartman and Bowlin roads in Maricopa for $16,744,000 — or $269,977.43per acre. The seller was the McRae Group of Companies, who had previously purchased these lots on in 2016 for $2,860,000.

• Dolphin Partners bought 1,794 acres of land on the northwest corner ofSun Valley Parkway and Bethany Home Road in Buckeye for $14,352,000. The seller was Communities Southwest. The land is expected to be developed into Mirielle – Village One.

• KB Home bought 67.89 acres of land at the northwest corner of Cotton Lane and Jomax Road in Surprise for $10,274,211, or $73,387 per lot. The seller was Harvard Investments. The ;and is part of the Desert Oasis development.

• Lennar Homes purchased 115 finished lots in Casa Grande for $6,780,000. The seller was Dolphin Partners. The lots are part of McCartney Ranch.


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February 2021