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.

Read the full subscription story by the Phoenix Business Journal.

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