Richmond American Homes of Arizona, Inc. (a Delaware corporation) purchased 70 finished lots at Laveen Village in Phoenix for $3.5 million. The lots were part of a three community assemblage that included 41 gated lots in Laveen Villages III on Southern Avenue, west of 27th Avenue, 15 lots in Laveen Village AMD, west of the northwest corner of Baseline Road, and 27th Avenue and 14 lots in Southern Views, on 35th Avenue north of Baseline Road. Brian Rosella and Will French with Cassidy Turley Arizona’s Land Group represented the sellers, Cowley Companies and related entities during the transaction.
Laveen Village was originally developed in 2002-2008 by Courtland Homes. They completed 679 homes within the three communities before they stopped building homes due to the economy.
For additional information contact Cassidy Turley Arizona at 602.954.9000 or visit www.ctarizona.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.