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Richmond American Nabs Another 117 Home Sites at Mountain Vail Estates for $3.99 Million

TUCSON, Arizona — Richmond American Homes, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) purchased 41-platted and engineered lots at Mountain Vail Estates in southeast Tucson for $1.25 million ($30,482 per lot). Richmond has been open and selling homes here since March, after closing on the first 50-lots. This was phase two of the option …

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Richmond and DR Horton Acquire SFR-Lots in Tucson

Richmond American (Rick Morris, Land Acquisition) purchased 50 platted and engineered lots at Mountain Vail Estates for $1.501 million ($30,000 per lot). This is the first half of approximately 94 lots being re-platted by the seller, MC 140 LLC, an affiliate of Diamond Ventures. Buyer will develop the lots for construction. This is not Richmond’s …

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