Homebuilders pay $100 million for state land in Phoenix

Desert Ridge neighborhood
Desert Ridge neighborhood

By Catherine Reagor | The Arizona Republic

Builders Taylor Morrison Home Corp. and Pulte Homes have partnered to pay $100 million for a prime piece of state-owned land near north Phoenix’s Desert Ridge neighborhood.

This is highest-priced sale for the Arizona Land Department in several years.

Plans call for the 410-acre site to have 1,200 houses built by both home

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