Significant Master-Planned Community Closings Drive Strong Activity in Tucson
Tucson, Arizona – Land Advisors Organization – Tucson continues a strong second half of 2021 within master-planned communities throughout the area. With over 70% market share of current and future residential lots throughout the Tucson Metro, the Tucson team of Will White and John Carroll continue to represent the top producing master-planned communities and substantial residential projects throughout the region.
Over the course of the last 45 days, the Tucson team has transacted more than 600 lots and over ±500 acres of large residential developments. Among this total, noteworthy ones include closings within the Gladden Farms MPC, located in the town of Marana where KB Home Tucson, Inc. purchased 136 lots and Meritage Homes of Arizona purchased another 169 lots from the developer (Crown West Land Group). Within the Star Valley MPC, Meritage Homes of Arizona purchased another 116 lots from the developers (Sunbelt Holdings, Rick Andreen and Mike Geddes). Within Los Saguaros at Dove Mountain MPC, located at the foot of the Tortolita Mountains, Lennar Arizona purchased 106 lots from Tortolita Properties, LLC. Contiguous to Gladden Farms II, Tangerine 2021, LLC purchased ±279 acres from Westcor Tangerine, LLC, and east of I-10 in North Marana, CLB Real Property Holding Company, LLC purchased ±104 acres from La Nonna, LLC as part of a larger assemblage.
Over the past 20 years, they have been a trusted source for Tucson’s top developers and homebuilders. Providing unrivaled brokerage and advisory services to Tucson metro’s best-known projects, Land Advisors Organization has consistently raised the bar in Tucson and experienced historic success along the way.
“Tucson is in a historically healthy and very robust position with fundamentals and deal flow indicating the area has room to run for a long time. With a solid employment and growing population, we fully expect the strong pace to continue,” said Will White.