Subject: Re: [Homestead] Land prices, a perspective
Date: Thu, 19 Apr 2007 08:55:36 -0700 (PDT)
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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