Taylor Morrison purchases 120 acres in Tierra Del Rio for $6.9M

 

 

 

 

 

 

 

 

Ninety-nine percent of the failures come from people who have the habit of making excuses.

George Washington Carver

 

 

 

Posted By Phil Riske  /  By Edward Moore  October 20, 2013

120 acres in the Tierra Del Rio development were sold to Taylor Morrison Homes by RSF Partners, a Dallas-based real estate investment firm. Tom Hennessey, vice president of land resources at Taylor Morrison, and R Scott Harris, principle at RSF Partners, closed the deal on October 16. The original purchase and sale agreement for this deal was signed on June 20, 2012. This transaction included parcel splits that were recently up for approval at the October 1, 2013 Peoria City Council meeting. The recorded saleprice was $6,913,500 or $57,612 per acre and is secured by a performance deed of trust in which an unspecified “additional purchase price” is guaranteed to RSF Partners.The 120.1 acre acquisition was originally planned for a mixture of open space and 45′ & 55′ wide lots. Present planning has 58.1 acres reserved for open space and 34.5 acres planned for 106 count of 55′ wide lots for 3.1 DU/AC. The recent splits include 19.67 acres originally planned for 45′ wide lots with a density of 4.4 DU/AC and 11.421 acres originally planned for 55′ wide lots with a density of 3.6 DU/AC. This land is has not yet been final platted for lots, however if we assume the original plans and planned densities are preserved then this land could become approximately 233 lots. – See more at: http://roselawgroupreporter.com/2013/10/taylor-morrison-purchases-120-acres-tierra-del-rio-6-9m/#sthash.y1LxUraV.dpuf

 

a little about me and my expertise – video

                    

LAND SPECIALIST – LAND EXPERT – INVESTMENT BROKER – ARIZONA

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http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history

 

http://en.wikipedia.org/wiki/Phoenix,_Arizona

 

 

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Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.

 

 

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Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.

 

WHETHER YOU LEASE OR OWN

NOW IS THE TIME FOR YOU TO EXPAND, UPGRADE OR INVEST.

 

we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.

 

WAITING TO SELL YOUR LAND ? TIMES CHANGE / IT’S TIME

  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.

 

If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 

 

Please reply by e-mail walterunger@ccim.net or call me 520-975-5207 (cell)  602-778-5110 (office direct).

 

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Thank You

Walter

 

Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188

walterunger@ccim.net

 

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