November 17, 2024 12:37 am
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$50M development coming to Gilbert

By Mike Sunnucks | Phoenix Business Journal

A joint venture between BB Living Residential and real estate developer Mike Zerbib has bought 20 acres of land in Gilbert for a 216-unit homes-for-rent development.

BB Living and Zerbib bought the land for approximately $4.7 million from Colony. The buyers are both based in Scottsdale.

Bret Rinehart, Ben Heglie and Ryan Semro of Land Advisors Organization brokered the sale.

The parcel is at Germann Road and Rome Street. “It’s just raw land,” said Darryl Berger, a principal with BB Living.

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