National homebuilders partner, plan thousands more houses in West Valley

(Disclosure: Rose Law Group represents Lennar and Taylor Morrison.)

By Angela Gonzales | Phoenix Business Journal

Three giant homebuilders have chipped in to pay $111.7 million for an 836-acre parcel of vacant land to bring upward of 2,800 homes to the West Valley.

The deal represents a rebirth of homebuilders teaming up on joint ventures, a commonplace type of alliance popular before the Great Recession altered the real estate landscape.

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