By Corina Vanek | Phoenix Business Journal
Public documents and real estate sources indicated Gates’ investment company, Cascade Investment LLC, had a hand in a $25 million purchase of more than 2,800 acres known as Spurlock Ranch in Buckeye.
Spurlock Ranch could be built out to include nearly 8,500 homes, with 193 acres allocated for a commerce park, according to real estate database Vizzda.
According to public property records, a group called Festival Ranch North LLC bought the land on Sept. 20. Festival Ranch North LLC is comprised of three entities, according to the Arizona Corporation Commission. The entities are: Scottsdale-based LKY Development, Scottsdale-based RC Spurlock LP and Mt. Shaw Holdings LLC, which lists a New York law firm, Debevoise & Plimpton LLP, as its address. An attorney from Debevoise & Plimpton has been known to do consulting for the Bill and Melinda Gates Foundation.