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News and Information
Leasing and Development
Mar/02/2020

Land Advisors Organization Residential Development Team sells final Peralta Canyon parcel to Beazer Homes for $6.659M

Scottsdale, Ariz. – Land Advisors Organization is pleased to announce the sale of 78 lots in Peralta Canyon Phase II, located at the base of the Superstition Mountains in Gold Canyon, to Beazer Homes for $6.659 million.


The sale of this parcel marks the close-out of available land at Peralta Canyon. Beazer Homes joins Lennar Homes and Gehan Homes in the second phase of this highly desirable community.

The sale was handled by Ryan Semro, Bret Rinehart and Ben Heglie, who specialize in single-family and multi-family residential development in Arizona for Land Advisors Organization.

The team has represented the seller, Peralta Canyon LLC developed by Voyager Properties, in the sale of land to homebuilders in 10 separate transactions. Builders represented by the team in these sales include Beazer Homes, CalATlantic, Gehan, KB Homes and Lennar Homes.

“Working with clients like Voyager Properties and Beazer Homes is very rewarding,” said Semro, with Land Advisors Organization’s residential team. “We’ve watched and predicted the growth in the area for years, and being able to help Peralta Canyon to close-out Phase II while expanding the presence of a well-respected builder like Beazer Homes into the phase is one of the ways we feel that we contribute to building successful communities around the Valley.”

This most recent sale of the 55-foot by 110-foot guaranteed finished lots closed earlier this month and provides Beazer Homes with coveted inventory at the NE corner of US 60 and Peralta Road in Gold Canyon, Arizona.

Construction of Beazer Homes’ newest Superstition Mountain single-family home development recently commenced.

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Leasing and Development
Feb/18/2020

KB Home Opens Arizona, Colorado Communities

KB Home (NYSE: KBH) on Friday announced the grand openings of communities in Arizona and outside Denver.

Arroyo Seco, a distinct collection of affordably priced ranch-style homes, is located in Buckeye, near major highways and featuring numerous planned amenities.

“Arroyo Seco offers home shoppers the opportunity to purchase a new, personalized KB home at a price that fits their budget,” said Kevin McAndrews, president of KB Home’s Phoenix division. “The new community is situated close to major freeways and will have several proposed amenities that will provide residents access to abundant outdoor activities.”

Arroyo Seco residents will enjoy the community’s numerous proposed amenities, including a baseball field, soccer field, playground, sports courts, greenbelts, ramadas and walking paths. The four single-story floor plans at Arroyo Seco feature up to four bedrooms and two baths, and range in size from approximately 1,700 to 2,300 square feet. These new homes feature great rooms, storage space, designer kitchens and optional three-car garages.

Arroyo Seco is close to Interstate 10 and Loop 303, offering convenient access to job centers, downtown Phoenix and several entertainment venues. The community is also situated within the Litchfield Elementary School District. Pricing begins in the $250,000s.

To the north, KB Home announced the grand opening of The Canyons, an enclave of one- and two-story homes nestled among the rolling hills of Castle Pines, Colorado. The new community is located in The Canyons, a new 1,270-acre master plan that will offer a host of planned resort-style amenities.

A KB Home model at The Canyons.
A KB Home model at The Canyons.

“We are proud to be opening our second community at The Canyons, where we will offer a diverse selection of new-home designs in a neighborhood that will include a number of planned resort-style amenities,” said Randy Carpenter, president of KB Home’s Colorado division. “With almost a third of this master-planned community dedicated to parks, trails and open space, our homes can provide a tranquil setting where the outdoors is a constant invitation to explore.”

The Canyons is Castle Pine’s newest master-planned community and just a short drive to Douglas County schools, shopping and dining. The planned resort-style amenities will include expansive parks, hiking trails and a community center with event space, a fitness center, pool, coffee bar, lounge and kid’s zone. KB Home’s newest addition to the master plan showcases one- and two-story homes with up to seven bedrooms and four-and-a-half baths, ranging in size from approximately 1,900 to 2,500 square feet. These new KB homes feature spacious great rooms, gourmet kitchens, expansive master suites, covered porches and basements. Pricing begins from the $520,000s.

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Leasing and Development
Feb/12/2020

Maracay Unveils New Community in Buckeye

BUCKEYE, Ariz. —Maracay is unveiling its highly anticipated Arroyo Seco residential community, located near the edge of the stunning White Tank Mountains in Buckeye, Arizona, on Saturday, Feb. 15.

The grand opening event will include a neighborhood gathering from 12-3 p.m. and feature a catered lunch and refreshments. Potential home buyers are encouraged to attend the family-friendly event, explore the community and learn all about the neighborhood and its amenities with one of Maracay’s New Home Advisors.


Featuring a monumental entrance that sets the stage for a collection of oversized homesites, Arroyo Seco offers the intimacy of a private neighborhood without forfeiting the benefits of an amenity-rich community. The largest homesites available offer more than one-quarter acre, which provide added elbow room between homes to maximize living space and privacy. Meanwhile, a majority of the homesites are also strategically situated in a north/south orientation for cooler home interiors during the warm summer months.

“Arroyo Seco offers a selection of thoughtful home amenities designed to appeal to those who can’t get enough of the West Valley’s easy access to adventure. Outdoor lovers will enjoy the detached or attached RV garages and accessory buildings, while multi-generational families will fall in love with the detached casita option,” said Maracay Project Development Manager Stephen Burris. “The detached or attached RV garages and accessory buildings are perfect for storing a boat, RV or gear for an outdoor excursion or trip to nearby Lake Pleasant.”

Families can choose from five spacious, one- and two-story floor plans, ranging from approximately 2,695 to 4,347 square feet, and personalize each home with Maracay’s Flex Design® options. Included options with these homes are GE® stainless steel appliances, granite kitchen countertops, gas tankless water heaters and a detached casita option with a full living and dining area, walk-in closet, bedroom, bathroom and covered porch.

Beyond each home’s four walls, residents will find a community that celebrates the outdoors with a centrally located park, complete with sports fields and plenty of open space for the kids to roam and play. Volleyball and basketball courts, a tot lot, ramadas and community grills beckon neighbors outside for afternoon barbecues, al fresco dining and weekend get togethers with friends and family. Nearby, Maricopa County’s largest regional park, White Tank Mountain Regional Park, offers 30,000 square feet of rugged and beautiful desert-mountain landscape featuring a range of outdoor activities, including tent or RV camping, picnicking, hiking and much more. Big-city amenities are also just a short trip away via State Route 303 and Interstate 10, which puts Arroyo Seco just 20 minutes from Downtown Phoenix.

The homes at Arroyo Seco will be registered with the U.S. Green Building Council (USGBC), a third-party rating system that verifies compliance across several areas addressing sustainability, with the goal of earning the LEED® Certified designation. Designed to use 30–50 percent less energy than typical homes, each home will meet the EPA’s Indoor airPLUS specifications and will feature water-efficient fixtures, LED lighting, energy-efficient heating and cooling systems, Energy Star® appliances, tankless water heaters, and Wi-Fi-enabled, programmable thermostats. All homes will also be Energy Star® certified and feature the latest in smart home technology and Maracay’s proprietary LivingSmart® program for maximum performance and cost efficiency.

For more information about Arroyo Seco, please contact Maracay’s New Homes Specialist Team at NewHomes@MaracayHomes.com or by calling (480) 401-5620.

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Leasing and Development
Jan/28/2020

As Tucson Moves to Affordability, Meritage Homes is Strategically Entrenched

MARANA and TUCSON, ARIZONA – Meritage Homes closed on 91 SFR lots at Gladden Farms in Marana near the end of 2019 for $4.1 million, $44,800 per finished lot. All lots are 40 x 120.

Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. With four home builders active in the community, it is one of the most active communities in the Northwest submarket.

Meritage bought its first block lots at Gladden Farms in December 2015.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction and have the marketing assignment on all of Gladden Farms by the developer, Crown West.

“Meritage has been very strategic in entrenching themselves in Tucson’s top projects and in this lot size segment,” said White. “They are currently in position to have a strong and efficient ‘conveyor belt’ of lots if they choose. In a market that is experiencing a historic shortage of developable lots, it’s a nice spot to be in.”

Since the beginning of the year, Meritage Homes has also closed on 41 SFR lots at La Estancia in the eastern Tucson market for $2 million, of $49,000 per finished lot. The 41 lots were 40 x 115.

La Estancia is a 565-acre residential community located along the I-10 corridor between Wilmot Road and Kolb Road, and offers residents access to the nearby Julian Wash trail system.

Will White and John Carroll of Land Advisors Organization in Tucson handled the transaction for buyer and developer, Sunbelt Holdings.

“Tucson has been moving to affordability for the past 3 years,” White said. Lot offerings of 40′-50′ feet are not on the market long (if they make it to the market at all) and the pace and pricing power is helping to underwrite these deals quickly and easily. It is proving to be a very successful and sought-after lot size/ home size. The situation we have in Tucson is that several builders are searching for these positions and there are only so many of them to go around. If these lot size opportunities are presented, it would be a good move to pick them up swiftly.”

For additional information, White and Carroll can be reached at 520.514.7454.

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Leasing and Development
Oct/02/2019

Marana's Gladden Farms Back to Life After 2009 Crash

ARIZONA DAILY STAR

A master-planned community in Marana once a poster child of the housing run-up and crash- is once again bustling with activity.

Four homebuilders have bought 433 lots in Gladden Farms to build a second phase of the community that today boasts an elementary school, a park, splash pad and new-home prices at around $300,000.

In 2009, the development faced foreclosure on more than 600 acres of undeveloped land and homes that once commanded $400,000 were on the market for $160,000.

Dean Wingert, vice president of developer Crown West Land Group, has been involved with Gladden Farms since its inception in 2002, when he worked for Forest City Enterprises.

Crown West bought the property in 2013.

'That change in ownership brought in a renewed commitment to fully develop the community and embrace the needs of the homebuilders,' Wingert said. 'Things didn't change instantly, but the improvement over the past three to four years has been amazing.'

One major change was the decision to sell homebuilders 'shovel ready' lots instead of asking them to put in all of the subdivision infrastructure.

'This approach allows them to focus on what they do best- building and selling great new homes,' Wingert said.

Meritage Homes, Richmond American, KB Home and Lennar Homes are actively building in Gladden Farms.

'Projects like Gladden Farms are in high demand from homebuilders because the developers can make the lot delivery process more efficient and streamlined than in other locations,' said Will White of Land Advisors Organization, who handles the lot sales at Gladden Farms.

'While the one 'soft spot' in the Tucson homebuilding industry is the lack of infrastructure and 'shovel-ready' lots, Gladden Farms doesn't have this problem,' he said. 'Their foresight got them ahead of that issue and they are now being rewarded for it.'

FROM NEAR-FORECLOSURE TO 2,000 RESIDENTS

The team that started Gladden Farms 17 years ago is intact today. Wingert, along with OK Rihl and Kelly Penuela, weathered the dark days of the farmland development.

The original owners had cleared land for about 1,750 homes and the first resident moved in in 2004.

But by 2009 only 1,000 homes had been built and many were surrounded by dust and tumbleweeds.

'We had financing in place for the development's infrastructure with a lending subsidiary of General Motors, and they were impacted very heavily by the recession and were looking to get out of every loan on their books,' Wingert said. 'I clearly recall going down to the county courthouse one afternoon to hold off the foreclosure action.'

The community avoided foreclosure by buying up debt from GMAC Financial Services at a negotiated price.

In 2020, Gladden Farms will welcome its 2,000th new homeowner.

'People always have different key reasons that draw them to Gladden Farms but I think primarily it's the extensive open space corridors with the paved trails and landscaping,' Wingert said. 'Being former farmland, Gladden Farms has a different look and feel than your normal Tucson-area community.'

An elementary school within the community, opened in 2016, was a big boost.

'We gave the school district the land and extended roads and utilities to the site early on, but the recession delayed the need for the school longer than expected,' Wingert said.

'I think that all worked to everyone's advantage, though, because when the school district was ready to build a new school they used the new concept of a computer- science immersion program housed in a beautiful modern new facility.'

NEIGHBORS HOLD ON THROUGH REBOUND

Kati and Chris Carbonneau bought their home in Gladden Farms in 2006 in one of the completed neighborhoods.

'We looked at houses all over Tucson and liked the community, the bike paths, the green belts and also that it was a little on the outskirts,' Kati Carbonneau said. 'We love the farming community and our house backs up to the cotton fields.'

When the new phase of the development is built out, it will displace a chunk of that scenic farmland, but even so, the couple plans to stay in Gladden Farms with their six children.

'Our family has been raised here,' Kati Carbonneau said. 'We've seen the school be built, we've seen the splash pad built and really love Marana.'

After retirement in 2007, Dee and Ross Walker bought their home in Gladden Farms.

'That first year our house depreciated by $100,000,' Dee Walker said. 'It was an 'Oh, great' moment but that was happening no matter where you went.'

She got involved with the homeowners association and neighbors quickly became family. The couple always had faith that the community would rebound and the amenities would materialize.

'I do enjoy sitting by the pool in summer and am hoping for more things to come in,' Dee Walker said. 'When we bought there was a sign that said Fry's is coming soon but they didn't say how long 'soon' would be.'

Fry's bought an 11-acre site on Tangerine and Lon Adams roads in 2006 and started site improvements in 2007 that halted when the recession hit.

In 2018 Kroger, Fry's parent company, announced plans to scrap the planned store and sell the site following the company's plan to cut back on new stores by 35% and focus on remodels and digital sales.

Wingert said everyone is eager to get a nearby grocery store.

'The recent big increase in our homebuilding activity will, hopefully, push a grocery store forward,' he said, noting that the first phase of Gladden Farms is built out and the 433 homesites bought by builders are in the new phase.

'It's back,' Wingert said, 'to being an area of high demand.'


The original owners of Gladden Farms had cleared out land for about 1,750 homes. By 2009, however, only 1,000 homes had been built and many were surrounded by dust and tumbleweeds.

DEAN KNUTH / ARIZONA DAILY STAR 2009

Seventeen years after starting, Gladden Farms will welcome its 2,000th new homeowner.

KELLY PRESNELL / ARIZONA DAILY STAR

A multiuse path rings the homes in the Compass Pointe subdivision along Tangerine Farms Road and Sandby Green Drive in Marana's Gladden Farms housing development.

KELLY PRESNELL / ARIZONA DAILY STAR

Building materials line the streets as homes go up along Boll Bloom and Oilseed drives in Gladden Farms' Shadow Glen subdivision.

KELLY PRESNELL / ARIZONA DAILY STAR

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