Vermaland buys 8,000 acres at La Osa Ranch

first_imgVermaland LLC, a land banking and land development company based in Phoenix, has made its first significant investment in the southeast Valley land market – and its largest to date – with the purchase of 8,000 acres in La Osa Ranch, a master-plan community near Casa Grande.Vermaland bought 4,000 acres in La Osa Ranch in 2012 and recently acquired an additional 4,000 acres in the same community. Strategically located off of Interstate-10 between Greater Phoenix and Tucson, long-term plans call for residential, retail and commercial development at La Osa Ranch. The deal is one of the largest land deals in recent history and indicative of an improving real estate market.“The market has been buoyant in the past six months and while we have made significant land sales, we also have seen great buying opportunities,” said Vermaland CEO Kuldip Verma. “The opportunities we have the land market will not been seen in the next 10 years.”Vermaland currently has the largest holdings of 50-1,200 acre parcels in metro Phoenix and the La Osa Ranch is its first significant investment in the southeast Valley.Verma said besides its location, La Osa Ranch is attractive because of the advanced ground-work already completed including all water and land studies. Current plans call for more than 33,000 residential lots, 1,000 acres of commercial development and 2,000 acres of open space, parks and trail systems. The purchasing entity for the project is Verma La Osa Ranch, an LLC holding company for Verma Legacy Trust.Verma said the residential real estate industry and land sale market are increasingly improving throughout Greater Phoenix and Arizona as a whole. Currently, finished residential lots are seeing double their value in comparison to 2011, with most foreclosures being flushed out. He added that 2013 will have more raw land sales than 2008-2012 combined and that 2013’s raw land market is seeing record activity halfway through the year and expects this pace to continue. On a side note, Verma added that raw land remains a valued commodity given that only 17 percent of all land in Arizona is private land.Vermaland prides itself on the ownership of high-quality land parcels with good road access, electricity and water, proximity to substations and flat land conditions to allow for easier building. In the height of 2007 and 2008, Vermaland supplied land to some of the nation’s largest solar projects. Because of limited expansion options in most areas of Phoenix, other than the west Valley and southeast valley, Vermaland entities have maintained their portfolio in these two areas.last_img read more

76ers think of radical change – team leader Simons is played…

first_imgSimonss goods | Photo: NBA Ben Simons, the Philadelphia 76ers team leader of the National Basketball Association (NBA), is currently being played as a power striker in Orlando, according to ESPN media.The 23-year-old Simons has played his entire NBA career as a match manager, yet he is a tall player (208 centimeters) in terms of his position.It is also known that Simon and the other shine of the club, Joel Embeed, have not been able to establish a perfect collaboration so far, and playing Simon in the fourth position could possibly improve it.“He is a very dynamic player,” said Brett Brown, head coach of the 76ers. “There is no faster player in the NBA than Simon. In my opinion, having the ball in his hands all the time reduces Ben’s ability to use his other weapons. ”Brown discovered that Simons has been the leader of the match so far, because the team simply did not have a good enough player in this position, and Simons has been able to cope with these responsibilities the best.Philadelphia’s 23-year-old Sheikh Milton has shown a high performance this season, having been at regular time since the end of January and having played eight games of at least 12 points in the last nine fights since the break.On March 1, Milton was at a career record of 39 points against the Los Angeles Clippers. His performance has also been praised by Embyd, who called him a “great player” “head match manager”.“The collaboration between Simons and Embyd looks very good now,” Brown said. “I think they’re fantastic together.”Milton, Josh Richardson, Tobias Harris, Simons and Embyd could be potential 76ers. In such a model, the experienced center Als Horfords would lose the place in the top five.Australian Simons has played 54 matches this season, scoring 16.7 points, winning 7.8 rebounds, and scoring 8.2 assists. In the 2016 draft, he was chosen by the “76ers” with the number 1 card.So far, Simon has not been successful in long shots in his three-season NBA career. He made 23 three-point shots during this time, throwing only two.last_img read more