Phoenix, AZ – Southwest Value Partners in San Diego, CA paid $6.5 million in cash to buy 162 finished lots and 20 completed homes within two subdivisions in Chandler and Surprise. The seller was a company formed by GMAC Mortgage Corp. in Duluth, GA. Both of the subdivisions were started by Brown Family Communities, a […]
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SWVP Venture Buys Land Planned for 3,439 Lots
Phoenix, AZ – A venture formed by Southwest Value Partners in San Diego, CA paid $26 million to acquire land in Maricopa, Pinal and Pima counties that is targeted for 3,439 single-family residences. The seller in multiple transactions were companies formed by Maracay Homes Corp. in Scottsdale. The property is comprised of five undeveloped parcels, […]
SWVP/Pollack Partnership Buys 172 Acres Within Monte Verde Community
Phoenix, AZ – A company formed by Phoenix Suns managing partner Robert Sarver and investor Elliott Pollack of Scottsdale purchased a 172-acre parcel within the Monte Verde planned community at the southwest corner of Lower Buckeye and Miller roads in Buckeye. The seller was Shea Homes Limited Partnership in Scottsdale (Buddy Satterfield, pres.). Three parcels […]
Southwest Value Partners Adds to Portfolio of Residential Dirt
Casa Grande, AZ – A company formed by Southwest Value Partners and economist/investor Elliott Pollack of Scottsdale paid $2.25 million to purchase 364 partially and fully developed lots in Casa Grande. The seller was D.R. Horton Inc. – Dietz Crane in Scottsdale, a division of D.R. Horton Inc. in Arlington, TX. (NYSE:DHI). The home sites, […]
SWVP/Pollack Partnership Buys 254 Lots From Richmond American
Phoenix, AZ – A company formed by Southwest Value Partners, including Phoenix Suns managing partner Robert Sarver, and land economist/investor Elliott Pollack of Scottsdale paid $4.572 million to purchase 254 partially improved lots within the Centerra planned community in Goodyear. The detached cluster home sites are located at the northeast corner of Estrella Parkway and […]
SWVP & Elliott Pollack Acquire Northwest Valley Parcel Planned for 947 Residences
Phoenix, AZ – An entity formed by Southwest Value Partners and economist/investor Elliott Pollack of Elliott D. Pollack & Co. in Scottsdale paid $12.25 million to buy 350 acres located along the west side of the alignment of 227th Avenue and along the north side of the alignment of Pinnacle Peak Road in Surprise. The […]
Jamison Pays $68 Million for Torrance, Calif., Offices
Jamison Properties, a Los Angeles real estate investment group, paid $68 million for the Del Amo Financial Center, a 350,255-square-foot office property in Torrance, Calif. Southwest Value Partners, a San Diego real estate investor, sold the property, which consists of two office towers and four free standing pavilion buildings. Del Amo Financial Center, at 21515-21535 […]
Three Downtown Office Towers Sold
San Diego ⎯ In what may be the largest office building transaction in the history of downtown San Diego, three more prominent high-rises have been sold. Entities controlled by Santa Ana-based Triple Net Properties LLC paid a total of $274.5 million for Emerald Plaza, the Comerica Bank building at 600 B St. and Golden Eagle […]
Three Downtown Towers are Sold for $274 Million
Three downtown San Diego office buildings, including the distinctive Emerald Plaza tower, have been sold to a Santa Ana real estate firm for a combined $274.5 million. While the sales prices for each individual high-rise fell short of some other recent sales, the combined transaction is believed to be the largest office-building deal in San […]
3 Office Complexes Sold in San Diego
Three large downtown office complexes in San Diego, including Emerald Plaza, one of the best-known properties on the city’s skyline, have been purchased for $274.5 million by a Santa Ana real estate investment company. Triple Net Properties bought the buildings ⎯ the 24-story Comerica Bank Building, the 22-story Golden Eagle Plaza and the 30-story Emerald […]