Lennar wins Arizona land auction bidding war

_{Arizona Land Department}

(Disclosure: Rose Law Group represents Lennar.)

By Angela Gonzales | Phoenix Business Journal

Lennar Corp. (NYSE: LEN) beat out three other bidders in a fight for prime infill land in an Arizona State Land Department auction on Jan. 3.

The 79.85-acre parcel just east of Six Flags Hurricane Harbor Phoenix water park started at a minimum bid of $15.7 million and slowly ratcheted up in $100,000 increments over 45-minute period.

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January 5, 2024

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