Meritage Homes of Arizona purchased 26.72 acres block platted land at Silverhawke North subdivision in Oro Valley, in the northwest submarket of Tucson, for $3,489,575. Zoning for the block is R1-7 but the number of lots was undetermined. The seller, Capri Company of Tucson (Herb Kai, manager) was represented by Greg Wexler and James Kai of Wexler and Associates in Tucson.

Pepper Viner bought 51 finished lots in the Silverbell Residential subdivision, located in the western submarket of Tucson, near Silverbell and Goret, for $1.581 million ($31,000 per lot).  The seller, Rancho Bridge, LLC (Greg Anderson, manager) purchased the lots in 2013 for $700,000. Dan Feig with Chapman Lindsey Commercial Rea Estate Services handled the transaction for the seller.

KB Homes owns 35 lots near this property at La Cholla & Oracle Jayne Station, and purchased an additional 10-SFR lots as an extension to that project about 1.2 mile away for $675,000 ($67,500 per lot).  Property consists of 10 finished lots with random dimensions, approximately 8,000-square-foot lots. Buyer plans a new 25′ with 2-story product for these lots. Subdivision may be renamed The Station at La Cholla or The Station at San Joaquin. Jim Vincent of the Carlier Company represented the seller, Catland Properties, LLC of Tucson and Aaaron Mendenhall with KB Home Tucson represented the buyer.

As part of a rolling option, Richmond American Homes of Arizona, Inc. purchased six finished lots from Tucson Land, LLC at Santa Cruz Meadows in Sahuarita. The purchase price was $300,000 ($50,000 per lot) for the sale. The seller was represented by Randy Emerson of GRE Partners, LLC.

As part of a rolling option, Miramonte Homes purchased 4 townhome lots at La Reserve Villas for $220,000 ($55,000 per lot).  The builder is constructing 49 townhome lots in La Reserve Villas in Oro Valley in the northwest submarket.  The seller is Pusch Ridge Properties, LLC of Pilot Hill, CA.

TUCSON, ARIZONA — Keith Newlon of Pioneer Title Agency purchased a 5,940-square-foot office property at 1889 N. Kolb Road in Tucson for $1,069,200 ($180 PSF) for its newest Tucson location. Built in 2003, the building is located in La Playa Caliente Office Park.

Pioneer Title Agency is a full-service company providing title insurance, escrow, account servicing, trustee sales, as well as builder-related trust services. It is a family-owned business with strong local ties.  The Newlon family, Bob and his wife Betty, son Keith and his wife Cindy, founded Pioneer Title in Sierra Vista in 1985. However, their foothold into the title business began much earlier.  Bob, a life member of the Land Title Association of Arizona, has called Arizona home since 1935 and worked in the industry since 1958.  Keith, a 2010 inductee into the Northern Arizona University College of Business Hall of Fame, got his start  in the title industry in 1979.

Pioneer has been, up until recently, a rural title agency in Arizona but is now quickly growing into urban areas in metro Phoenix, Tucson and Flagstaff. Last March, Pioneer acquired Metro Title Agency and made its entry into metro Tucson with four new branches –Tucson Ajo, Tucson River, Tucson Sunrise and Green Valley

With 66 offices throughout the state, the people in each of these offices are committed to servicing customer needs as well as being of service in the communities where they live and work.

For example, this year’s company philanthropy project is to give back to schools and in so doing Pioneer has given each of its 550 employees $100 and an extra paid day off in the year to help at the school of their choice.

Pioneer was represented by Frank Arrotta of Tucson Realty & Trust Co. in the acquisition of the new building. Buzz Isaacson and Jeff Casper of CBRE represented the seller, 1889 N. Kolb Road Company LLC, in the transaction.

For more information, Isaacson can be reached at 520.323.5151 and Casper is at 520.323.5181. Arrotta should be contacted at 520.577.7000.

For more information on Pioneer Title Agency, go to https://www.pioneertitleagency.com/

To learn more, see RED Comp #5332.

TUCSON, Arizona — ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1.85 million / $57,813 per unit sale of the 32-Unit Villa Delano Apartments at 123 West Delano Street in Tucson, AZ.

The property is a garden style apartment community originally built in 1980 of frame/stucco construction and sits on 1.4-acres of land near the intersection of Fort Lowell and Stone Ave.  Villa Delano has four, 2-story buildings featuring all 2-bedroom, 2-bath units with a weighted average size of 878-square-feet.  The property also features a community swimming pool, BBQ grill area, and laundry facility.

“The Buyer was in search of a stable asset with upside potential,” states Lance Parsons, Senior Vice President at ABI, who represented the Seller.  “The entire Downtown/University area submarket has witnessed sustained private and public investment over the last several years.  The Buyer hopes to capitalize on this growing trend.”

The Buyer in this transaction is a private individual based in Arizona.

The Seller in this transaction is a private individual based in Colorado.

ABI Multifamily’s Tucson office, and the multifamily brokerage team of Lance Parsons, Jonathan Ibrahim and Ryan Kippes, represented the Seller in this transaction.

For more information, Parsons should be reached at 520.265.1945,  Ibrahim is at 520.265.1127 and Kippes can be contacted at 520.265.1895.