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Desert Ridge a hot spot for state land auctions
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Desert Ridge a hot spot for state land auctions
(Disclosure: Rose Law Group represents Lennar and Vestar.) By Hailey Mensik | Phoenix Business Journal The Desert Ridge area north of Paradise Valley has turned into a hot spot for developers wanting to scoop up prime state-owned land in recent years. One of the highest-priced state land auctions last year happened when Mortenson outbid Verde Investments for over 200 acres in the area, spending $136 million for a site now planned to become a new…
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