December 18, 2024 6:59 am
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Giant master-planned community in the ‘New Southeast Valley’

(Disclosure: Rose Law Group represents Ashton Woods, Lennar, and Mattamy Homes.)

By Angela Gonzales | Phoenix Business Journal

A couple of decades ago, when Arizona’s real estate market was collapsing, Nariman Afkhami, CEO of Aread Inc., bought 1,000 acres in the far southeast Valley.

Now, growth is catching up to the master-planned Magma Ranch community he’s developing in Florence that will boast 2,060 single-family homes upon completion. More than 1,000 lots have been approved for development and another 1,000 are left to be sold to homebuilders.

Read the full subscription story from the Phoenix Business Journal.

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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.