November 24, 2024 5:48 am
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Ryland buying Trend Homes

By Catherine Reagor

The Arizona Republic

If you’d like to discuss real estate matters, contact Rose Law Group Founder Jordan Rose, jrose@roselawgroup.com

Gilbert-based Trend Homes, one of metro Phoenix’s largest homebuilders, is being purchased by Ryland Group Inc. The deal is another sign the region’s homebuilding market is recovering.

Phoenix-based investment firm Najafi Cos. is selling Trend Homes after buying the builder in 2008 for $85 million. Trend Homes then was operating under bankruptcy protection. The terms of the sale to Ryland haven’t yet been disclosed.

The purchase of Trend Homes marks Ryland’s re-entry into the Valley’s housing market. The Westlake Village, Calif.-based homebuilder sold all its assets and closed its offices in the state a few years ago amid the housing crash.

Continued: 

Also:

Former Bechtel Corp. office building in Glendale falls into foreclosure

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