Scottsdale homebuilder pays $47M for large West Valley parcel in state land auction

 

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and  need an estimated value.   Phone: 480-948-5554     Prefer cell: 520-975-5207 or email me walterunger@ccim.net.   –     What is a CCIM.  –

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By Angela Gonzales  – Senior Reporter, Phoenix Business Journal  Dec 16, 2020,

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Shea Homes was the winning bidder on Dec. 16 of a 415-acre parcel of state trust land in the West Valley.

The homebuilder was the only bidder at the Arizona State Land Department auction, taking the property for the minimum bid of $46.77 million.

Scottsdale-based Shea Homes already has built two other communities called Alora Vita near that parcel, which is north of the northeast corner of 75th Avenue and Jomax Road north of Peoria, said David Garcia, vice president of land acquisitions and development for Shea Homes.

The homebuilder’s familiarity with that area could be why other homebuilders didn’t bid against Shea Homes, he said.

“There was a lot of institutional knowledge we have about it,” Garcia said. “When you look at the site, it poses some grading challenges. I think having been out there for at least four or five years gave us an advantage other builders felt they don’t know enough about.”

This bid was completely different from a state land auction last month, where competitive bidding jumped in $5 million increments in less than an hour. Shea Homes was among the bidders in that contest.

Arlington, Texas-based D.R. Horton Inc. (NYSE: DHI) ended up the victor, paying $245.5 million for 2,783 acres in the far East Valley.

Garcia said it’s likely D.R. Horton will sell parcels of that land to other homebuilders in the future, including Shea Homes.

Meanwhile, he will be busy preparing the recently acquired West Valley parcel to build around 800 homes.

“We are 12 to 14 months away from putting shovels in the ground and starting development,” Garcia said. “It’s a beautiful site. It backs up to some new views of the mountains. It’s a great location. We’re very excited.”

SEE IT ALL:  https://www.bizjournals.com/phoenix/news/2020/12/16/scottsdale-homebuilder-west-valley-land-auction.html?ana=e_ae_prem&j=90542270&t=Afternoon&mkt_tok=eyJpIjoiTmpaa1pqQTRNemRoTldJMyIsInQiOiJGakg3bXlscGVlMVlPY3Fac0Y4ME9XY3pZYjU5VzBONzRUVlRLc1FDMFFMTG1sbEs0NThhYW1RMDJ6ZzdSdjZqMDdrZTR2cEI5akw3ZEtEQnhCU2hMMUFpdGw4Y0hYcEp6SUEwVFo3Sm5NWExaWHJiQU1wTzJ1U3BzRWp5bkFRSCJ9

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FROM ME:  Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

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PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

What is a CCIM.

 

Walter Unger CCIM

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West USA Commercial Division

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History of Arizona from  900 BC – 2017 -Timeline.

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

 

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  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

 

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 Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

 

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

 

 

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