Glendale, Arizona — Park Brokerage Inc. and John Sheedy are happy to announce the sale of the Rambling Rows Mobile Home Park located at 4902 West Bethany Home Road in Glendale, Arizona completed on August 20, 2019 for the price of $2.4 million ($41,400 per space).  John Sheedy exclusively listed the property on behalf of the California-based seller and procured the buyer who is a local experienced manufactured housing operator.

Rambling Rows is a 55+ designated community with 58 overall sites.   Fifty sites are traditional mobile home sites and there are five RV sites and three apartment units.  The park is on an approximately five-acre parcel,  has city-provided utility services and had under market vacancy and rents at the time of sale.  Common area amenities include a pool, a small clubhouse area, and additional parking.  The buyer is an experienced operator with other mobile home communities in the area and is planning to remodel units included in the sale and get the park up to market metrics.

John Sheedy commented that “this park has had some operational difficulties as a senior park in this specific submarket however I strongly believe this buyer will turn this park around quickly due to being locally based and having decades of experience.  Comparable stabilized properties are selling for greater than $70,000 per site so there is a huge upside on this deal.”

For additional information, contact Sheedy for more information about this sale at 602.821.4666.

Advanced weapon defeats armored and wheeled systems

TUCSON, Ariz. — Raytheon Company (NYSE: RTN) will deliver additional tube-launched, optically tracked, wireless-guided missiles for the TOW® weapon system under a $101 million U.S. Army contract announced by the U.S. Department of Defense on May 10, 2019. The weapon system transitioned to wireless guidance in 2010 and is being produced for the Army, U.S. Marines and international customers.

The TOW weapon system, with the multi-mission TOW 2A, TOW 2B Aero and TOW Bunker Buster missiles, is a long-range, heavy assault-precision anti-armor, anti-fortification and anti-amphibious landing weapon system used throughout the world.

“TOW gives soldiers the upper hand in battle,” said Sam Deneke, Raytheon Land Warfare Systems vice president. “The system easily defeats opponents at long range in main battle tanks, fortified bunkers or moving armored vehicles.”

The TOW missile will remain in the Army’s inventory until at least 2034. Raytheon has delivered over 700,000 TOW weapon systems to U.S. and allied forces.

PHOENIX, AZ – Best Lawyers in America® 2020 recognized four attorneys from Withey Morris
PLC , a prominent Arizona land use law firm for more than 20 years. Best Lawyers is the oldest
and most respected lawyer ranking service in the world. The awards recognize attorneys with
the highest level of confidential peer feedback in specific practice areas and geographic region.
“This is one of the most prestigious honors in the legal profession,” said Jason Morris, Withey
Morris founding partner and owner . “We are very grateful to receive this recognition and are
beyond proud of our team for all they have accomplished.”

The 2020 edition of Best Lawyers in America includes the following Withey Morris attorneys
and practices:

● William F. Allison – Government Relations Practice and Land Use and Zoning Law
● Adam Baugh – Land Use and Zoning Law
● Jason B. Morris – Land Use and Zoning Law
● Michael B. Withey – Land Use and Zoning Law and Real Estate Law

For over 20 years, Withey Morris PLC has been Arizona’s leading land use law firm. Its dynamic
team combines experience in land use entitlements, real estate transactions, government
affairs and lobbying with the sharp legal insight needed to handle every aspect of the real
estate development process. Withey Morris represents commercial, residential, industrial,
master-plan developers and landowners in virtually every corner of Arizona jurisdiction.
Prestigious publications routinely rate its attorneys among the best land use and real estate
lawyers in Arizona. These publications include Chambers USA — America’s Leading Business
Lawyers, Best Lawyers in America® and Super Lawyers. Martindale Hubbell, a noted authority in
rating U.S. law firms and attorneys, gives the firm an AV rating, the highest ranking. Withey
Morris’ mission is to help build its clients’ visions by guiding them from the drawing board
through city hall to project completion.