November 23, 2024 4:31 am
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Mayo Clinic buys land for north Phoenix expansion

(Photo via Mayo Clinc)

By Corina Vanek | Phoenix Business Journal

The Mayo Clinic purchased 228 acres of land adjacent to its north Phoenix campus at an Arizona State land Department auction Wednesday morning in a deal that clinic leadership said has been years in the making.

Dr. Richard Gray, CEO of Mayo Clinic in Arizona, was the bidder on behalf of Mayo at the auction, and Mayo was the only group to place a bid on the land, which sold for the appraised value of $139.75 million. The land is on the east side of 56th Street and south of Loop 101. It is north and east of the existing Mayo Clinic campus.

Read the full subscription story from the Phoenix Business Journal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.