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Land Rush Accelerates in Arizona

Phoenix-based Vermaland signed multiple solar land lease deals that illustrate an intriguing trend occurring in Arizona. Land is at a premium for solar developers and homebuilders alike.

Earlier this year, Vermaland leased more than 2,000 acres of land in Gila Bend to a solar developer. A similar lease for 1,600 acres in Hyder, AZ followed along with another 900-acre deal in Harquahala Valley, both for solar projects.

Vermaland previously had leased 1,000 acres to solar companies and has several other solar deals in the pipeline that are expected to close before year-end.

Vermaland’s Kuldip Verma says, “This increase in solar activity is up significantly from prior years. If all of these leases result in eventual land purchases, which is typical, these transactions could total nearly $40 million in land sales.”

Phoenix’s West Valley is one of the most active land markets, which presents an interesting dynamic between a rush for solar projects and demand for new homes in the Phoenix area.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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