Here’s who won bidding war over hot Pinal County parcel; Jordan Rose, founder and president of Rose Law Group, comments on sale in PBJ

By Phoenix Business Journal

Production homebuilder D.R. Horton Inc. will pay $245.5 million for 2,783 acres in the far East Valley as the winning bidder in Wednesday’s Arizona State Land Department auction.

With its deep pockets, Arlington, Texas-based D.R. Horton (NYSE: DHI) won a bidding war for the parcel at the southeast corner of Elliott and Meridian roads, which is in Pinal County, near Apache Junction.

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