(Photo via Arizona State Land Dept.)
By Paul Maryniak | Ahwatukee Foothills News
After spiriting bidding among four homebuilders, an affiliate of Blandford Homes won the auction of 373 acres of State Trust Land in Ahwatukee with a bid of $175.5 million– 67 percent above the appraised value of $105 million.
Reserve 100 LLC, which is based at the Gilbert headquarters for Blandford Homes, beat out three competitors in the June 7 State Land Department auction of the parcel along Chandler Boulevard between 19th and 27th avenues.
State Corporation Commission records for Reserve 100 list Jeff Blandford, president of Blandford Homes, as a principal in the company.