TUCSON, Arizona – Feast Properties, LLC of Murrieta, California, the construction arm for Denny’s Restaurants, purchased a pad at Houghton Town Center for $575,000 ($20 PSF). Ready for construction, Vail should have its first Denny’s sometime next year right along with the McDonalds that has started construction at Houghton Town Center.

The Vail community is a census-designated place (CDP), twenty-four miles southeast of Tucson.

Denny’s is a table service American diner-style restaurant chain where guests have come for over 60 years to sit back, relax and enjoy delicious, hearty meals, every day of the year including holidays. From breakfast anytime to lunches and dinners, Denny’s is always open.

Denny’s is one of America’s largest full-service family restaurant chains, currently operating over 1,700 franchised, licensed and company-owned restaurants across the United States, Canada, Puerto Rico, New Zealand, Mexico, Costa Rica, Dominican Republic, Honduras, Guam, the United Arab Emirates, Chile, Curaçao, El Salvador, and Trinidad and Tobago, and the Philippines.

Brenna Lacey and Jeremy Price with Volk Company represented the seller / developer, Houghton Developers LLC, an affiliate of Diamond Ventures (Bill Kelley, CFO). Shannon Murphy with DVI Realty assisted in the transaction, while buyer was represented by Northwest Commercial Advisors.

“Other restaurants, such as Popeye’s, Panda Express, Jersey Mikes and Dunkin Donuts have been doing very well at this location,” said Lacey. “And the 4,041-square-foot new Denny’s should be a welcomed addition to the community.”

Currently, Vail residents drive about 14-miles to the nearest Denny’s at 4040 East 22^nd Street in Tucson.

For more information, Lacey can be reached at 520.495.2233, Price is at 520.441.4771 and Murphy can be contacted at 520.577.0200.

For further information on Denny’s, visit the Denny’s website at www.dennys.com

To learn more, see RED Comp #6260.

DVI Equity Partners to Specialize in Micro-Cap Investments in Emerging Companies

TUCSON, Ariz.- Diamond Ventures Inc., founded in 1988, is one of Arizona’s leading real estate development and venture capital companies.  The company announced last week that Robert Griffin has joined DVI Equity Partners, LLC, as a principal and the company’s new managing partner. DVI Equity Partners (DVI) is a new venture capital entity that Diamond Ventures and Griffin formed to increase their sourcing and analysis of investments in early stage, emerging technology companies.

Griffin’s history with Diamond Ventures began with his role as CEO of Knowledge Computing Corporation (a University of Arizona spin-out and early Diamond Ventures portfolio company), and the developer of COPLINK™. In 2009 he successfully led a merger with UK-based i2, in partnership with Silver Lake Partners. In late 2011 as the CEO of i2, Griffin facilitated the sale of the company to IBM.

Under Griffin’s leadership, DVI will be actively seeking investment opportunities, with an emphasis on disruptive technology. DVI will also seek investment opportunities in companies founded and led by women and minorities. Griffin plans to evaluate emerging technology companies that create B2B value in national security, enterprise software, artificial intelligence, data analysis and other technologies.

“The formation of DVI Equity Partners and the addition of Bob Griffin to our management team underscore our desire to expand our venture capital investments and services to the Southwest region’s technology sector,” said Diamond Ventures President David Goldstein. “Through DVI and Bob’s leadership, we will have the ability to share our management expertise, resources and relationships to help entrepreneurs bring new technologies and data to transform the way we currently live and conduct business.”

“Diamond Ventures is a respected venture capital firm with a proven track record for developing strong partnerships and helping companies grow to the next level,” said Griffin. “I look forward to bringing their strengths beyond real estate development to disruptive and disintermediating technology companies serving commercial industries and governmental entities.”

Griffin’s team will include Nathan Levy, who runs the Diamond Ventures Denver office, and Ngoc Can, a Private Equity Analyst with Diamond Ventures.

Visit https://www.dviequitypartners.com/ for additional information.

The Tucson office of the Land Advisors® Organization (LAO), announced the successful closing of ±70 acres with a preliminary plat for 242 lots. Located on the north east corner of Sanders Road and Barnett Road in Marana, Arizona. Will White of Land Advisors Organization in Tucson negotiated the transaction for the buyer.

The acreage was sold by the Barnett Family Trust and purchased for $2.25 million ($9,298 per lot) by Randall Martin – Randy Bury, Founder and President. This acquisition is Bury’s 4th major acquisition in the north Marana area since 2011.

“We’ve had a long relationship working with Land Advisors and Will White,” stated Randy Bury. “I appreciate their experience and diligence in getting our deals closed.”

In another transaction, Maracay Homes took down five more lots of an option agreement in Tortolita Vista for $987,088 ($197,418 per lot). Located north of Tangerine Road on Thornydale, the one acre sites feature lush desert open space. Maracay is building a total of 54 homes in Tortolita Vista that began October 2013. Will White of Land Advisors Organization in Tucson represented Maracay in the rolling option.

For additional information regarding this transaction contact White at 520.514.7454.

To learn more, see RED Comp #3592 and #3563.

KB Home is planning a new infill project at Prudence and Escalante in the eastside of Tucson; Kinneson Overlook is named after the arroyo in the area. Property was re-platted from 51 to 46 SFR lots, 45’x 100′ by the seller, OT Huachuca, an affiliate of Oasis Tucson (Jim Campbell, president). The subdivision had a prelimary plat when it sold.

The 6.84 acre Kinneson Overlook sold for $828,000 ($18,000 per lot). Both buyer and seller were self-represented in the transaction.

To learn more, see RED Comp #3614.

Mattamy Homes bought 15 SFR lots at The Enclave at Stone Canyon V for $2.78 million ($185,000 per lot) from Enclave Construction & Sales (David Williamson, manager). Located in Stone Canyon at Rancho Vistoso, north of Tortolita Mountain Circle and east of Hohokam Village Place in Oro Valley, the property is also known as the Stone Canyon Donut Hole due to its vicinity to Stone Canyon Golf Course. Surrounded by the Stone Canyon Golf Course, the subdivision sits on approximately 28 acres of vacant land and features single-story homes on lot sizes ranging from 10,000- to 15,000-square-feet with 80 foot frontages.

Thrac Paulette with Cantera Real Estate in Tucson represented Mattamy and can be reached at 520.904.5055 for more information.

To learn more, see RED Comp #3433.

Meritage Homes is active in Stone Canyon, and recently purchased a 48-acre parcel of land there for $1.8 million ($50,000 per lot) with plans to re-plat the property from 38 lots to 36-home sites in this northwest community.

The seller was Diamond Venture (Bill Kelley, CFO). Both buyer and seller were self-represented in the transaction. Meritage Homes plans to develop 36-lots for customized home sales.

To learn more, see RED Comp #3488.

Lennar Homes purchased 53 platted lots and common areas in the Robb Hill subdivision for $1.65 million ($31,132 per lot), another infill project within the City of Tucson limits. Lots are 50′ x 115′ on approximately 12.5 acres, located to the east of Pantano on Speedway. Bob Solfisburg was with Tucson Realty & Trust when this transaction was completed and is now with JBS Real Estate. Solfisburg can be reached at 520.977.9006 for more information.

To learn more, see RED Comp #3524.

Richmond American purchased a 30.6 acre parcel located at the southeast corner of Sandy Desert Trail and Cortaro Farms Road in Marana for $1.38 million ($20,000 per lot). Minutes from Interstate 10, Willow Vista offers breathtaking views of Arizona sunsets over the Tucson Mountains and lies within the Town of Marana and the Marana Unified School District.

The seller, Heater Investments of Tucson (Joe Heater) had rezoned the property, which had previously been platted for 35 – 16,000-square-foot lots under R-16 zoning. The new plat provides 69 – 7,200-square-foot lots under R-6 zoning, yet still preserving more than 40% of the site as Natural Undisturbed Open Space (NUOS), with greater attention to maintaining the wildlife corridors throughout the property. Besides rezoning, the seller provided the topography and boundary survey and Final Plat.

To learn more, see RED Comp #3528.

In another option agreement, DR Horton purchased 9-SFR lots at Sunset Pointe at Midvale Park for $305,280 ($33,920 per lot). Horton is buying a total of 55-lots in this subdivision platted in 2007, with 3,600-square-foot minimum lot sizes. The seller is D.B.S. Midvale, LLC (Bill Estes, Jr.) of Tucson. Dan Feig and Aaron Mendenhall of Chapman Lindsey represented D.R. Horton.

Feig and Mendenhall should be reached at 520.747.4000.

To learn more see RED Comp #3494.