Highly Anticipated Opening on Schedule at Rocking K Master Community in Vail Arizona

Panoramic View of the Rincon Valley from Rocking K Master Planned Community, Vail, AZ

TUCSON, ARIZONA – After years in planning, the first phase of Rocking K master planned community is on schedule for an early 2021 opening.  As announced about a year ago, fundamentals such as the market and builder interest, had converged to move this community forward. And it is moving forward quickly.

Pulte, Lennar and KB Home were the first to close on 558 lots, a mixture of 40’ thru 60’ by 125’ and 130’ lots for an aggregate sale price of $37.4 million ($67,000 average price per lot) last year. Rocking K’s first phase development commitment of approximately $60 million is nearing completion.

Evening Big Sky Stars

Lennar is has now added an additional 113-lots to their new Wildflower Estates neighborhood at Rocking K, an exciting addition to the community! These lots will be 65’ x 130’ making them the largest of the first phase lots. With 75% of these homesites adjacent to designated open space, making them feel even larger.

“The topography and views from this northwest section of Rocking K, where Lennar’s Wildflower Estates will be, are some of the most beautiful,” said Priscilla Storm, Vice-President of Diamond Ventures and developer of Rocking K.

“We are excited to be on schedule for our early 2021 opening,” Storm continued. “Builders have already submitted 32 different house plans to provide buyers with choices for every lifestyle and budget.  And all of the builders are starting construction of their Rocking K models in the next 30-60 days. The construction of the Valencia Road connection is going to be a real game changer for easy access from Rocking K to all the eastside’s major employers and services.  The park construction is also underway and it is exciting to see the ballfields and splash pad come out of the ground.”

Low Desert of Rincon Mountains at Rocking K

Will White and John Carroll of Land Advisors Organization Tucson represent Diamond Ventures at the Rocking K community.

White commented, “Rocking K has huge momentum heading into 2021 and continues to be regarded by the region’s homebuilders as one of the most highly anticipated master-planned communities in many years in Tucson.”

“As we get closer to our early 2021 opening, the interest list is growing every day, Storm added. “Interested home buyers can register at www.liverockingk or the websites of the builders in Phase I to stay informed.”

More homebuilders are expected to be announced soon, with an official grand opening forthcoming.

For more information, White and Carroll should be contacted at 520. 514.7454.




Tanglewood Apartments in Tempe Sell for $7.9 Million

Tanglewood Apartments, 740 West University Drive, Tempe Ariz.

PHOENIX, ARIZONA – CBRE has facilitated the sale of the 58-unit Tanglewood Apartments in Tempe Ariz. to The Neiders Company for $7.9 million, or $136,206 per unit.

Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE in Phoenix represented the seller, AZAB, LLC, in the transaction. They also represented the buyer, who plans to renovate and reposition the property.

Located at 740 West University Drive in Tempe, Tanglewood Apartments is a garden-style community located within walking distance of Arizona State University’s Tempe campus. It is surrounded by the area’s prominent amenities, including Tempe Town Lake, Tempe Marketplace, and Mill Avenue Entertainment District, which offers one of the highest concentrations of restaurants, cafes, microbreweries, sports bars nightlife and retail amenities in Arizona.

The community also offers convenient access to Tempe’s employment corridor, Sky Harbor International Airport and the region’s other largest employment corridors, including downtown Scottsdale, downtown Phoenix, the Camelback Corridor and Chandler.

Built in 1977, the property comprises five buildings and sits on 1.88 acres. Units average 606 square feet and are individually metered for electricity.




Redevelopment Opportunity in Phoenix Sold for $1 Million

Phoenix, Arizona – A redevelopment opportunity located in Phoenix sold last week for $1,000,000 or $55.88 per square foot. Nick Miner, CCIM of ORION Investment Real Estate exclusively represented the Seller, CSAS. The Buyer was Victory Outreach Church. Victory Outreach Church was represented by Garette Golding at Citywide Commercial.

The property was formerly occupied by another church group that just did not fit with the community and later vacated the property for another location.

The site is located at 33rd Avenue and Sweetwater Avenue in Phoenix, Arizona. The positioning of the property makes it an established Phoenix location with close proximity to several businesses and retail areas, including Metro North Corporate Park, and easy access to Interstate 17. Directly across the street of the property is Sahuaro School, which serves as a full service elementary school. The property also has plentiful parking and a drop-off area.

Nick Miner commented on the transaction, “The buyer, Victory Outreach, has plans to remodel and repurpose the once vibrant property and help to improve the neighborhood with their many ministries and community outreach programs. This was a win-win opportunity for both the buyer and the seller. This was the last asset owned by CSAS in the Phoenix Metro area and the second
one I was able to help them sell.”