April 26, 2024 9:54 pm
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Blandford wins state land auction in Ahwatukee

(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.

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