(City of Phoenix)
By AZRE | AZ Big Media
Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of two land sales to KB Home in the much sought-after West Valley of Metro Phoenix on behalf of KB Home Phoenix, Inc. The two sales total $9.2 million for 109 acres, which is being developed into new homes.
Most recently, KB Home acquired nearly 80 acres of land located at the NWC of Apache Boulevard and Southern Avenue in Buckeye, Arizona, for $5.85 million from MPC Mystic, LLC. The site, known as Mystic Vista, is planned for approximately 293 lots in this first phase. KB Home plans to offer a mix of single and two-story homes ranging in size from 1,300 to 2,900 square feet. Land Advisors Organization’s homebuilding team of Ryan Semro, Ben Heglie and Bret Rinehart represented the seller in the transaction.
