[Homestead] Land prices, a perspective

VAN DELL JORDAN vdjor at yahoo.com
Thu Apr 19 11:55:36 EDT 2007


Is Desert Ridge holdings a subsidiary of Heartland??
Van Dell



--- Gene GeRue <genegerue at ruralize.com> wrote:

> In case you don't have a calculator handy, this land
> auction produced  
> a per-acre price of $553,900 per acre. This is not
> city center  
> commercial property. The land is desert. Flat, arid
> sand with a bit  
> of scrub vegetation. No redeeming qualities but one:
> location.
> 
> 
> 
> Parcel near Desert Ridge sells for $149 million
> 
> Michael Clancy
> The Arizona Republic
> Apr. 17, 2007 11:15 AM
> 
> A 269-acre parcel near Desert Ridge Marketplace sold
> today for a  
> record price in an Arizona State Land Department
> Auction.
> 
> It sold for the appraised price of $149 million.
> 
> The buyer was a company called Desert Ridge
> Holdings, which plans to  
> put 3,700 housing units on it.
> 
> http://www.azcentral.com/community/phoenix/articles/
> 
> 0417phxauction0417-ON.html
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