KB Homes is back at Gladden Farms acquiring a tentative plat for 138-lots in this Northwest community for $1.859 million ($13,471 per lot). The seller, Petrus Partners, Ltd., operating in Tucson under the name of Crown West Land Group sold the 50’x 120’ tentative 138-lots to KB Homes with deferred consideration on the homes when they sell.
Will White and John Caroll of Land Advisors Organization in Tucson handled the transaction for buyer and seller.
Pulte Home Corporation (NYSE:PHM) paid $1.008 million ($29,647 per lot) for 34 platted lots at Dove Mountain in Marana in the Del Webb at Dove Mountain Active Adult Community where it is planning to build approximately 650 homes on 208 acres when complete. This is… Read more
PHOENIX – Signaling a move to expand its Capital Markets platform, Cushman & Wakefield has added a capital markets and commercial real estate veteran to its leadership roster. Bob Kline of RW Kline Companies has joined the firm as Senior Managing Director of the Equity, Debt and Structured Finance Group (EDSF) after has been sold and split into three directions.
R.W. Kline Properties, LLC was sold in the spring to an offshore investment fund.
R.W. Kline Capital, Fund 1 is being taken over by a large offshore Investment firm. The Fund will be renamed RWK Capital Funds, LLC and will continue to focus on equity and co-invest on commercial real estate ventures across North America, Asia and… Read more
PHOENIX, AZ — The Maricopa Association of Governments unveiled the following data on Canadians doing business in the Greater Phoenix area at the Canada Arizona Business Council meeting held at Silverleaf in Scottsdale Arizona last week.
Canadian residents account for 93% of all internationally owned residential property in Maricopa County (Greater Phoenix) worth $4.8 billion. Of the 1.2 million residential properties in Maricopa County 31% are owned as winter homes or by investors. Of these, 5.8% are internationally owned and Canadian residents account for 93% of the internationally owned residential properties.
Canadians also account for 90% of all internationally owned nonresidential (commercial) properties in Maricopa County (Greater Phoenix) worth $7 billion. Average assessed value per property is $764,451. The… Read more
Arizona Wildcats Party Pack
LOS ANGELES, CA — Love it or hate it, Playboy magazine announced Monday its highly-anticipated Top Party Schools rankings. The following schools have earned a spot on Playboy’s 2014 Top 10 Party Schools list:
- University of Pennsylvania
- University of Wisconsin
- West Virginia University
- University of Arizona
- University of Iowa
- University of California, Santa Cruz
- University of Miami
- Colorado State University
- University of Texas
- Syracuse University
Missing conspicuously from the list this year was Arizona State University that had made in rank to #9 in 2013 after being #3 in 2011.
The much-talked-about rankings are featured in the magazine’s October 2014 college issue (on newsstands and iPlayboy.com Friday, September 19). This is… Read more
Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you time. Here you will find the headlines and what the news buzz for the day will be.
On Monday, the Dow Jones Industrial average rose 43.63 points, or 0.3%, to 17,031.14. The Standard & Poor’s 500 index dropped 1.41, or 0.1%, to 1,984.13. The NASDAQ composite fell 48.70 points, or 1.1%, to 4,518.90.
Benchmark U.S. crude oil rose 65 cents to $92.92 a barrel. Brent crude, a benchmark for international crude… Read more