April 25, 2024 7:36 am
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State land auctioned in Tucson

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA — Much needed housing in Tucson was the focus of 184 acres State of Arizona land near Valencia and Houghton Roads in Tucson that appraised at $14.5 million that was auctioned Wednesday.

The winning bid was $44 million and the Winning bidder: American Homes 4 Rent(AMH) of California, a new builder to Tucson building single family homes to rent rather than for sale.

State trust land was granted to Arizona by the federal government in preparation for statehood in 1912. Arizona is one of 21 states that manage a total 500 million acres.

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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.