Boardwalk Place
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February 18, 2010 – Lennar Homes purchased 55 fully developed lots with a typical lot size of 70’ x 110’ within the Boardwalk Place subdivision located at the southwest corner of 87th Avenue and Glendale Avenue in Glendale, Arizona. The seller in the transaction was Marketplace One. The cash purchase price for this transaction was $1,980,000 ($36,000/developed lot.) Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group brokered this entire transaction.
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Tres Rios
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February 18, 2010 – Marketplace One purchased 60 fully developed lots with a typical lot size of 53’ x 110’ within the Tres Rios subdivision located south of the southeast corner of Buckeye Road and Dysart Road in Avondale, Arizona. The seller in this transaction was Lennar Homes. The cash purchase price for this transaction was $510,000. ($8,500/developed lot) Grant D. Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group brokered this entire transaction.
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Ocotillo Heights
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February 4, 2010 – DBSI, Inc. et. al. (Doug Swenson, CEO) sold (142) fully developed lots at the Ocotillo Heights subdivision off of Signal Butte and Ocotillo in Queen Creek for $3,905,000 ($27,500/fully developed lot) to Quantum Capital. The minimum lot sizes on this site are 70′x140′. DBSI, Inc. had purchased the lots from Capital Pacific in early 2008 and had declared bankruptcy in late 2008. The Sale was negotiated in the summer of 2009 and was contingent upon Bankruptcy Court approval which was approved in late January. The Sale was negotiated by Grant Helgeson, Don McCaul, and Ryan Arp of the Westland Properties Group in Scottsdale. The Quantum Capital organization is going to hold the property for investment purposes and sell to homebuilders at a later date.
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Crestfield Manor
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January 29, 2010 – Quantum Capital purchased (221) fully developed lots within the Crestfield Manor Master Plan for $2,099,500 ($9,500/fully developed lot) from IMH (Shane Albers, President). The lots are located at Felix Rd & Heritage Rd in North Pinal County and have a typical lot size of 45′ x 115′. Grant Helgeson, Don McCaul and Ryan Arp of the Westland Properties negotiated the transaction.
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Power Ranch
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December 29, 2009 – Blandford Homes purchased 453 fully developed lots within the Power Ranch Master Plan located at Germann & Power Rd in Gilbert. The seller was Wachovia Bank at trustee sale. The lot breakdown consists of: (10) 60’ x 120’ lots, (219) 40’ x 64’ lots, (33) Triplex Series (33 total triplex parcels on 11 cluster lots) and (191) 30’ x 75’ lots. The purchase price was $5,610,000 ($12,384/lot). These lots were originally owned by Taro Properties / Trend Homes and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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Morrison Ranch
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December 29, 2009 – Blandford Homes purchased 75 fully developed lots with a typical lot size of 55’ x 115’ within the Morrison Ranch Master Plan from Wachovia Bank at trustee sale. The lots are located south and east of the southeast corner of Higley Rd & Elliot Rd in Gilbert. The purchase price was $4,430,000 ($59,067/lot). These lots were originally owned by Taro Properties / David Weekley Homes and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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Pecos Manor
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December 17, 2009 – Blandford Homes purchased 43 fully developed lots with a typical lot size of 43’ x 102’ within the Pecos Manor Community from Wachovia Bank at trustee sale. The lots are located at the northwest corner of Pecos Rd & Recker Rd in Gilbert. The purchase price was $1,465,000 ($34,069/lot). These lots were originally owned by Elite Communities and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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San Tan Heights
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December 17, 2009 – Blandford Homes purchased 16 fully developed lots fully developed lots with a typical lot size of 45’ x 110’ within the San Tan Heights Master Plan located at Hunt Hwy & Thompson Rd in North Pinal County. The seller was Wachovia Bank at trustee sale. The purchase price for these lots was $201,213 ($13,776/lot). These lots were originally owned by Elite Communities and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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Sun Groves
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December 17, 2009 – Blandford Homes purchased 53 fully developed lots with a typical lot size of 50’ x 90’ within the Sun Groves Community from Wachovia Bank at trustee sale. The lots are located south of the southeast corner of Lindsay Rd & Riggs Rd in Chandler. The purchase price was $2,375,000 ($44,811/lot). These lots were originally owned by Elite Communities and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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Tortosa
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December 17, 2009 – Blandford Homes purchased 135 fully developed lots within the Tortosa Master Plan located at Honeycutt Rd & Hartmann Rd in Maricopa. The seller was Wachovia Bank at trustee sale. The lot breakdown consists of: Parcel 1 (53) 40’ x 113’ lots, Parcel 8 (82) 45’ x 120’ lots. The purchase price for Parcel 1 was $448,263 ($8,457/lot). The purchase price for Parcel 8 was $831,198 ($10,136/lot). These lots were originally owned by Elite Communities and were funded by Wachovia Bank. Wachovia foreclosed on the nonperforming note and took this asset to trustee sale. Grant D Helgeson, Don McCaul and Ryan Arp of the Westland Properties Group represented Blandford Homes at this trustee sale.
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