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Houston luxury apartment developer buys downtown Phoenix land

By Angela Gonzales | Phoenix Business Journal

After nixing plans to build apartments on a parcel of land in downtown Phoenix, long-time developer Michael Lafferty reached out to his niece, Patty Lafferty, principal with The Land Agency, to help him sell the property.

Patty Lafferty’s expertise is in land sales, usually selling hundreds of acres at a time to homebuilders, so a 3.72-acre parcel zoned for multifamily in downtown Phoenix was a bit out of her wheelhouse.

Read the full subscription story from the Phoenix Business Journal.

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