May 6, 2024 10:37 am
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Meritage buys in North Carolina

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

By Kayli Thompson | Phoenix Business Journal

An Arizona homebuilder with a national footprint is planning nearly 150 new homes in Durham, North Carolina, after buying the lots from a Raleigh builder.

Scottsdale-based Meritage Homes (NYSE: MTH) paid almost $6 million for the lots to Marlowe Builders. Marlowe made a hefty profit on the deal. The firm bought the vacant property in 2010 for $350,000 from SunTrust Bank (now Truist).

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.