Leasing and Development

Gladden Farms MPC continues record year as Lennar loads up with new acquisition

MARANA, ARIZONA — Lennar Arizona, Inc closed on 212 lots (45’X120′ and 60’X120’) in Block 37 of Gladden Farms for $13,650,675. The finished lots were purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).

Lennar has built homes in Gladden Farms for many years, and this is the homebuilder’s second acquisition in the community in the past 12 months. The new neighborhood will be known as Sunstone at Gladden Farms. The sale represents the second home builder purchase in the latest phase of Gladden Farms which will include over 800 lots that will be purchased and developed in 2021.

Mattamy Homes purchased 115 lots in February of this year and an additional 423 residential lots are currently in escrow with

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Centex Brand Continues Arizona Expansion with New Tucson Community

Gateway at Gladden Farms to serve first-time homebuyers seeking outstanding value and quality

Centex Homes is expanding its offering of affordable homes in Arizona with its first community in the greater Tucson area. Located in Marana, Arizona, Gateway at Gladden Farms will feature energy-efficient, single- and two-story home designs with built-in smart home technology and a variety of impressive amenities all available for a low monthly payment.

"The demand for affordable new homes is booming as consumers seek the benefits of homeownership while escaping the trap of continuously escalating rents," said Rebecca Lundberg, PulteGroup’s Arizona Division President. "Gateway at Gladden Farms is a unique community that brings affordable, high-quality homes to the Tucson market in an established, amenity-rich Marana neighborhood that is close to employment

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Industrial park owners look to expand at new Spokane Valley site


The owners of Spokane Business and Industrial Park have purchased 39 acres near the corner of Barker and Euclid roads in Spokane Valley to build a similar facility that is designed to target distribution-type businesses.

Dean Stuart, Crown West Realty LLC vice president, said the company hopes to break ground later this year, pending permit approvals.

“We have a lot of Fortune 100 companies that have told us that, logistically, Spokane Valley is the ideal location when they look at their studies,” Stuart said. “That’s where they land to serve this greater market area of Spokane, Coeur d’Alene and even Central Washington and eastern Montana.”

Plans for the Barker Logistics Center could include a total of about 600,000 square feet

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Lennar picks up balance of Santa Rita Ranch III in Vail, AZ

TUCSON, Arizona — Lennar Homes (NYSE: LEN) has purchased the remaining lots in Phases 2 and 3 at Santa Rita Ranch III, southeast of the intersection of Houghton Road and Sahuarita Road. This purchase was made up of 194 SFR lots (60’X120’ and 70’X120’) for a finished cost of $76,849 per lot, or $14.9 Million. The seller in this transaction was Santa Rita Ranch III, LLC and Santa Rita Ranch III 2015, LLC (Crown West Land Group, Dean Wingert, Vice President).

The Santa Rita Ranch Specific Plan was first approved by the County in 1988 for 2,435-acres and up to 5,307 units. Crown West acquired the Santa Rita Ranch III portion in 2013, a total of 182 acres and 330-lots nestled into the foothills

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The Dirt: Second phase of Euclid Logistics Center on horizon in Spokane Valley

A second phase of a multibuilding industrial development will soon be underway at the Spokane Business & Industrial Park in Spokane Valley.

Crown West Realty, owner and manager of The Park, recently filed a building permit application with the city to build a 120,000-square-foot LEED-certified structure at 16619 E. Euclid Ave. with cross-dock capacity and 135 truck courts.

The building permit valuation is $6.7 million, according to the application.

The proposed building will mark the second phase of the Euclid Logistics Center, which will consist of four structures spanning a total of 500,000 square feet and will transform the southeast corner of The Park into “a state-of-the-art distribution and logistics center,” according to Crown West Realty’s website.

Crown West Realty earlier this year completed

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Demand for housing in Tucson market outpaces supply

TUCSON, Ariz. (KOLD News 13) - Despite being in the midst of a pandemic with historically high unemployment, the housing market is booming.

Gladden Farms, a master-planned community in Marana, is a good indicator of what the housing market in this area looks like.

“The project is moving at a pace that it hasn’t seen since before the great recession, so you are literally talking about 14 years ago. It has certainly been a quick turnaround,” said Dean Wingert, a vice president with Crown West Land Group.

Wingert said Gladden Farms has more than 2,000 homes.

“Just within the last two months, we have sold over 300 lots to home building companies,” Wingert said.

Wingert said despite home builders virtually taking March and April off

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Richmond American and Lennar continue to add to their positions at Gladden Farms

Richmond American Homes purchased 69 lots (60’X 120′) in Block 30 for $4,195,200 ($60,800 per lot) and Lennar purchased 67 lots (60’X120′) in Block 30 for $4,073,600 ($60,800 per lot). The lots were purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).

Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan has been a top performing community in the Tucson area for many years and is one of the most active projects in the Northwest submarket.

Richmond American and Lennar have bought and sold through several blocks at Gladden Farms since the project opened.

Will White and John Carroll of Land Advisors Organization in Tucson

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Tucson’s Land and Housing: 2020 and Beyond – Part 3 of a 5-part series with Will White of LAO Tucson

By: Will White, Land Advisors Organization Tucson

TUCSON, ARIZONA — (Editor’s Note) In Q1 Real Estate Daily News began publishing “Tucson’s Land and Housing: 2020 and Beyond”, a 5-part series written in conjunction with Will White of Land Advisors Organization-Tucson. The focus of the series is to provide an insightful look into the various components driving Tucson metro’s successful, but complex, land and housing market. Will has been a Land Broker in Tucson for over 20 years and currently represents many of Tucson’s most successful master-planned communities and large-scale residential projects.

A lot has changed since our last series update in April, and fortunately, most of it has been in a positive direction. In our last article, we were in the initial throes of the

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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

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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

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