October 17, 2024 9:14 pm
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Forestar continues strong acquisition activity in Tucson in 2021

(Photo via Forestar)

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA — Forestar (USA) Real Estate Group Inc. closed on 136 Acres on south Sorrell Lane and Calle Torim for $6,270,000 ($46,100 per acre). The land was purchased from Sorrell 139, LLC (Larry Fink, Gary Lane).

The property is an infill site that is well positioned in the southwest Tucson submarket with easy access to Interstate 19 and Tucson’s main, growing employment core. The site is also within minutes from major, large scale retail services and projects along Valencia Road as well as Interstate 19. The purchase comes at a time when entitled lots in Tucson’s southwest submarket continue to be extremely hard to identify and secure.

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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.