December 29, 2020 - Blandford Homes was the successful bidder on a ±132.53 Acre site at auction dated March 21, 2019, from the City of Mesa. Blandford Homes closed escrow once entitlements were approved. The site is located at the Northwest corner of Recker Rd & Thomas Rd, Mesa, Arizona. Blandford Homes is calling this project Reserve at Red Rock and is planning the site for 296 Single Family Lots as follows: 127 Lots | 50’ x 112’, 103 Lots | 60’ x 130’ and 66 Lots | 65’ x 140’. The winning auction bid was $21,100,000 | $159,209/Acre | $3.65/sf | $71,284/Planned Lot. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented Blandford Homes at this auction.
Innovation Villas at Sundance
December 29 2020 – Innovation Villas at Sundance, LLC, purchased a ±38.6 Acre site within the Sundance Master Plan, located near Interstate 10 & Watson Rd, Buckeye, Arizona. The purchase price was $5,675,000 | $147,020/Acre | $3.37/sf | $14,702/Unit. The site is being planned for 386 Single Family Detached Rental Units | 10 DUA. The Sellers were Mission Land 2004, LLC, and Sundance 4 Cove, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group assisted in facilitating the closing of this transaction.
Countrywalk Estates
January 6, 2021 – LGI Homes Arizona, LLC, purchased 33 Developed Lots | 85’ x 105’ within the Countrywalk Estates subdivision, located on Hwy 387 / Pinal Ave & Hopi Dr, Casa Grande, Arizona. The cash purchase price was $1,567,500 | $47,500/Developed Lot. The Seller in this transaction was Palo Duro Homes. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
Superstition Vista
December 18, 2020 – SV Development, LLC, a Hillstone Homes entity purchased the 40 Acre Superstition Vista site, located South and West of the Southwest corner of Baseline Rd & Goldfield Rd, Apache Junction, Arizona. The site is being purchased in two phases. The total purchase price was $6,785,000 | $26,504/Platted & Engineered Lot. The site is Platted for 256 Lots | 6.82 DUA as follows: 97 Lots | 45’ x 80’, 107 Lots | 45’ x 100’ & 52 Lots | 50’ x 80’. The Seller was Superstition Vista Development, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
36th St & Southern
36th & Southern, LLC / Avenue North purchased a ±9.64 Net Acres site located North of the Northwest corner of 36th St & Southern Ave, Phoenix, Arizona as part of an assignment transaction. The property is being conceptually planned for single family homes together with an adjacent 8.16 acres of land that is owned by Avenue North. The cash purchase price was $1,680,000 | $174,240/Acre | $4/sf. KHB/Keystone Homebuilders, Inc. purchased the site from a group of investors and assigned their interest to 36th & Southern, LLC. Keystone Homes will build out the entire project for Avenue North. Grant Helgeson and Don McCaul of the Westland Properties Group represented KHB/Keystone Homebuilders, Inc.
Sunrise Estates II
LGI Homes Arizona, LLC, purchased 85 Developed Lots with a typical lot size of 55’ x 95’ within the Sunrise Estates II subdivision, located near Butte Ave & Central Ave, Florence, Arizona. The cash purchase price was $1,719,125 | $20,225/Developed Lot. The Seller in this transaction was The Housing Assistance Council, Washington DC. Grant D. Helgeson and Don McCaul represented both parties in this transaction.
Park McDowell
Terralane at Park McDowell, LLC, purchased the ±15.7 Acre Park McDowell site located near 95th Ave & McDowell Rd, Phoenix, Arizona as part of an assignment transaction. The site is planned for 163 Single Family Detached “Build For Rent” Units | 10.38 DUA. The cash purchase price was $4,704,000 | $299,617/Acre | $6.87/sf | $28,858/Planned Unit. The Seller in this transaction was Hancock Communities, LLC. Hancock purchased the site from the City of Phoenix and assigned their interest to Terralane. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
Mission Ranch
LGI Homes purchased 153 Developed Lots within the Mission Ranch subdivision, located at Peart Rd & Rodeo Rd, Casa Grande, Arizona. The cash purchase price was $6,885,000 | $45,000/Developed Lot. The Lot breakdown is as follows: 85 Lots | 55’ x 120’, 54 Lots | 60’ x 120’ & 14 Lots | 65’ x 120’. The Seller in this transaction was RMG Mission Ranch, LLLP, a McRae Group entity. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
Ascend on Glendale
DHIC Glendale, LLC, a subsidiary of DR Horton Homes, purchased a ±12.159 Acre site located at the Southwest corner of 75th Ave & Glendale Ave, Glendale, Arizona. The project is being called Ascend on Glendale and is approved for 216 Apartments. The cash purchase price was $3,760,756 | $7.10/sf. The Seller in this transaction was GB Investments, Inc. (Bashas). Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
Scottsdale Heights Phase II
K Hovnanian at Scottsdale Heights, LLC, a K Hovnanian Homes entity purchased a ±14.3 Acre site located East of the Southeast corner of Dove Valley Rd & Scottsdale Rd, Scottsdale, Arizona. The site is planned for 58 Duplex Units as Scottsdale Heights Phase II. K Hovnanian’s Scottsdale Heights Phase I subdivision is adjacent to west of subject property. The purchase price was $10,450,000 | $180,172/Planned Unit. The Seller was Rex Dove Valley, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Seller in this transaction.
Sincuidados Lone Mountain
The Sincuidados Homeowners Association purchased a ±78.47 Acre Hillside parcel adjacent to the Sincuidados Master Plan near the Southwest corner of Lone Mountain Rd & Pima Rd, Scottsdale, Arizona. The cash purchase price was $301,000. The Seller of the site was the Boyce Thompson Southwestern Arboretum. Entire property is subject to a Conservation Easement thereby prohibiting any residential development upon the land. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
Tristanos
Windes Farms LLC, a MAK Construction entity, purchased a partially developed single family subdivision called Tristanos, located at the Northeast corner of 27th Ave & Dobbins Rd, Phoenix, Arizona. The site was originally planned and partially developed for 40 Lots | 80’ x 130’ but has been replanned as 46 Lots | 70’ x 130’. The cash purchase price was $1,124,750 | $24,451/Partially Developed Lot. The Seller was Lexin Tristanos, LLC, a Lexin Capital entity. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
TruGold
NPC Trugold LLC purchased a ±20.54 Net Acre site located South of the Southwest corner of Cotton Ln & Waddell Rd, Surprise, Arizona. The project will be called TruGold and is planned for 244 Single Family “Build For Rent” units and is being developed for the new owners by Hancock Communities. The land purchase price was $3,650,000 | $177,702/Net Acre | $4.07/sf | $14,959/Planned Unit. The Sellers is the James & Lois Truman Trust. Grant D. Helgeson and Don McCaul of the Westland Properties Group assisted in the closing of this transaction.
W Ranch
Sage Land Holdings, LLC purchased the ±10.65 Acre W Ranch site located East of the Northeast corner of Bullard Ave & Waddell Rd, Surprise, Arizona. The site is being planned for 24 Single Family Lots | 70’ x 122.5’. The purchase price was $560,000 | $52,582/Acre | $1.20/sf | $23,333/Platted & Engineered Lot. The Seller in this transaction was Empire Residential Communities Fund II, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented the Seller in this transaction.
Somerset
Reserve 100, LLC, a Blandford Homes entity, purchased 41 Developed Lots with a typical lot size of 90’ x 148’ within the Somerset Master Plan, located at the Southeast corner of Greenfield Rd & Pecos Rd, Gilbert, Arizona. The cash purchase price was $10,660,000 | $260,000/Developed Lot. The Seller in this transaction was Somerset Development Group, Inc. Grant D. Helgeson and Don McCaul of the Westland Properties Group assisted in the closing of this transaction.
Village at Tres Rios Landing
WJH, LLC / Wade Jurney Homes, purchased 50 Developed Lots with a typical lot size of 40’ x 80’ within The Village at Tres Rios Landing subdivision located South of the Southeast corner of Buckeye Rd & Dysart Rd, Avondale, Arizona. The cash purchase price was $2,000,000 | $40,000/Developed Lot. The Seller in this transaction was Palo Duro Homes, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group were the procuring brokers in this transaction.
Keystone Fountain Hills
Keystone at Fountain Hills LLC (Keystone Homes) purchased a ±12.25 Acre site located East of the Southeast corner of Fountain Hills Blvd & Palisades Blvd, Fountain Hills, Arizona. The cash purchase price was $4,600,000. Keystone Homes has approvals to develop 174 Detached Rental Homes on the property. The Seller in this transaction was GB Investments, Inc. (Basha family). Grant D. Helgeson and Don McCaul of the Westland Properties Group represented Keystone Homes in this transaction.
The View
The View Carefree Townhomes LLC, managed by Jim Shelly, purchased The View, a ±2.75 Acre infill property located near the intersection of Cave Creek Rd & Tom Darlington Dr in Downtown Carefree, Arizona. The site is approved for 30 Townhomes. The cash purchase price was $2,813,995 | $93,800/Approved Townhome Lot. The Seller in this transaction was Carefree Residential, LLC, a subsidiary of Inca Capital. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.
Seven Desert Mountain
Family Development completed their initial takedown of 10 Developed Condominium Units at Seven Desert Mountain, the last undeveloped residential parcel within the Desert Mountain Master Plan, located at Cave Creek Rd & Pima Rd, Scottsdale, Arizona. The purchase price was $3,240,000 | $324,000/Developed Condominium Unit. The Rolling Option purchase will consist of 45 total Condominium Units. The Seller in this transaction was DM 19, LLC. Grant D. Helgeson & Don McCaul of the Westland Properties Group represented the Buyer in this transaction.
Cactus Glenn
AMH Development, LLC purchased 34 Platted & Engineered Lots | 60’ x 100’ | 4.2 DUA within Cactus Glenn, an ±8.07 Acre site located North of the Northwest Corner of 59th Ave & Cactus Rd, Glendale, Arizona. The cash purchase price was $1,382,750 | $40,670/Platted & Engineered Lot. The Seller in this transaction was Empire Residential Communities Fund II, LLC. Grant D. Helgeson and Don McCaul of the Westland Properties Group represented both parties in this transaction.