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2021 May Land Sales Snapshot for Metro Phoenix from the Arizona LandSource Team

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Land transaction data

The AZ LandSource Team with Colliers presents its May 2021 snapshot of land sales and significant transactions for metropolitan Phoenix.

Visit the AZ LandSource Team web page for our latest research, news and properties.

Land sales data ($1M+ transaction value)*:
Number of transactions: 73 land transactions
Total sales value: over $449.21 million
Land area: 2,617.71 acres
Lots: 6,565

Significant transactions in the market:

Stonehaven (Glendale):
$29.5 million
165.78 acres | 628 lots
$177,947/acre | $46,975/lot
Single-family planned lots
Buyer:  Taylor Morrison

Crystal Lagoons Island Resort (Glendale):
$27 million
48.38 acres | $12.81 PSF
Mixed-use amusement park
Buyer: Epic Adventures

Copart (Phoenix):
$16,156,404 million
37.09 acres | $10 PSF
Industrial
Buyer: Copart of Arizona

*Sources: Vizzda and CoStar


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2021 May Land Sales Snapshot for Metro Phoenix from the Arizona LandSource Team

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Related Experts

John Finnegan

Senior Vice President

Phoenix

John Finnegan is a senior vice president with the AZ LandSource Team at Colliers, specializing in the sale of land. As a skilled and experienced land specialist, he identifies opportunities that are aligned with the business needs of the team’s clients and focuses on creating value while reducing risk. John develops relationships between buyers and sellers, establishes the basis for negotiations, and manages the transaction process.

The team also includes Chaz Smith, senior vice president; and Ramey Peru, vice president. The AZ LandSource Team has a history of success, with more than 60 years of combined experience. They are committed to a team approach, which always puts their clients’ needs first. Each member has unique competencies that increase value in the different stages of every transaction.

The team specializes in finding creative solutions for the new reality of today’s ever-changing market and has the resources to uncover new information for their clients’ specific challenges. Their extensive track record of successful assignments reflects the team’s dedication to locating the right property that fits the needs of each client, whether a developer, investor, or user.

The AZ LandSource team is structured around the strengths of each individual. On every assignment, each member brings his individual expertise for the benefit of their clients. The team is organized around relationships, marketing, service delivery and a focus on completing transactions that meet the requirements of the buyer and seller.

They have represented premier developers and select landowners with acquisition, disposition, ground lease, site selection and land valuation within the greater metropolitan areas of Arizona.

John has been in the commercial real estate industry since 2000, and joined Colliers International in 2006. He was previously with NAI Horizon, where he specialized in land sales.

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Ramey Peru

Vice President

Phoenix

Ramey Peru is a vice president with the AZ LandSource Team at Colliers, specializing in the sale of land. He focuses on representing buyers and sellers of developable land in the Phoenix metro area. Ramey’s areas of expertise are research and due diligence. He delivers critical information regarding the viability of land sites and provides accurate market data that is crucial to the development process.

The team also includes Chaz Smith, senior vice president; and John Finnegan, senior vice president. The AZ LandSource Team has a history of success, with more than 60 years of combined experience. They are committed to a team approach, which always puts their clients’ needs first. Each member has unique competencies that increase value in the different stages of every transaction.

The team specializes in finding creative solutions for the new reality of today’s ever-changing market and has the resources to uncover new information for their clients’ specific challenges. Their extensive track record of successful assignments reflects the team’s dedication to locating the right property that fits the needs of each client, whether a developer, investor, or user.

The AZ LandSource team is structured around the strengths of each individual. On every assignment, each member brings his individual expertise for the benefit of their clients. The team is organized around relationships, marketing, service delivery and a focus on completing transactions that meet the requirements of the buyer and seller.

They have represented premier developers and select landowners with acquisition, disposition, ground lease, site selection and land valuation within the greater metropolitan areas of Arizona.

Ramey holds an Arizona Dept. of Real Estate Broker’s License and has been in the commercial real estate industry since 2004. Prior to joining Colliers International in 2006, he specialized in land sales at NAI Horizon.

Clients include Charles Heers, Dignity Health, Dominium, DR Horton, Green Light Communities, Mark-Taylor Residential, P.B. Bell, Pederson Group, Roles Family and Wescap Real Estate Services.

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