April 19, 2024 8:31 pm
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SOLD! Glendale development site

By Independent Newsmedia

A three-acre parcel of land in Glendale destined for townhouses is back on track.

Marcus & Millichap, a commercial real estate brokerage firm, announced Tuesday the sale of the location at the northwest corner of Glendale Avenue and 77th Lane near Westgate. The sale price was $700,000.

“The owner, who initiated a townhouse project on the parcel in the early 1980s, has been looking for a buyer with the expertise needed [to] see the development to completion,” Art Rullo, investment specialist in Marcus & Millichap’s Phoenix office, shared in a statement. “With all of the development activity in the immediate area of the property, we received significant buyer interest and an offer above list price.”

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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.