City of Phoenix / Laveen / South Mountain – Providence Homes, John Poulsen, President, purchased 36 partially improved lots within the Commons at South Mountain located at 15th Avenue and South Mountain, Phoenix, AZ. Providence acquired the lots for $1,150,000 ($31,944 per partially improved Lot) and will complete the offsite improvements and construct single family homes within a gated entry community.The minimum lot dimensions are 90’ x 130’.

The Seller, Sabal Financial of Newport Beach, CA was represented by Kent Baker, Rick Jellies, and Ryan Becker of City to City Commercial Real Estate, Scottsdale, AZ. Buyer was represented by James Hotis of the Hogan Group, Scottsdale, AZ.

For more information, Kent Baker, Rick Jellies or Ryan Becker of City to City Commercial, can be contacted at 480.355.2222

Queen Creek, AZ –MERIDIAN ESTATES, LLC a company formed by EL DORADO HOLDINGS COMPANY of Phoenix, AZ (Mike Ingram, Chairman and Jim Kenny President, Chris Grogan Partner) paid $8.923 million cash to acquire +/-229 acres at the NEC of Signal Butte and Ocotillo Roads, in Queen Creek, AZ.

Located immediately adjacent to one of the most active homebuilding submarkets in the Southeast Valley, approximately four miles south of Mesa Gateway Airport and Arizona State Polytechnic Campus.

KITTYHAWK, LLC, a company formed by Daryl Wolfswinkel, was the seller on the transaction. Martin Pylman, Rick Jellies, Ken Reycraft and Kent Baker from City to City Commercial Real Estate of Scottsdale, AZ brokered the transaction.

El Dorado Holdings is planning on entitling the site for an exclusive gated large lot community.

The City to City Commercial Real Estate team will handle the marketing efforts contact them at (480) 355-2222. Jim Kenny and Chris Grogan at El Dorado may be reached at (602) 955-2424.

PHOENIX – SNOWDON PARTNERS PROPERTY VI managed by Mike Vucekovich of Scottsdale, AZ paid $2.7 million dollars including a down payment of $800,000 and new debt of $1.9 million to acquire +/-10 acres in north Phoenix.

The 10 acre site is located at the NEC of 33^rd Lane and North Valley Parkway within the Tramonto Master Planned Community in Phoenix, AZ. The Seller on the transaction was Sunset Tartesso, LLC an Arizona investment group managed by Elliot Homes Inc.

The property is currently approved for approximately 220 condominium units. Snowdon intends to develop the site for approximately 150 individual, duplex and triplex units for upscale leasing.

Ryan Arp and Rick Jellies of City to City Commercial Real Estate, brokered the transaction which was closed at Thomas Title, Scottsdale, AZ. City to City Commercial Real Estate will continue their representation and provide ongoing consultation on the acquired parcel.

To learn more contact Snowdon Partners, Mike Vucekovich at 602.553.4118 or City to City Commercial Real Estate, Rick Jellies at 480. 235.1144.