November 21, 2024 5:02 am
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D.R. Horton buys land in Maricopa

Rendering via Walton Global

By Angela Gonzales | Phoenix Business Journal

Texas builder D.R. Horton Inc. (NYSE: DHI) bought 111 acres from Scottsdale-based Walton Global with plans to build 456 homes within Elena Trails in the city of Maricopa.

The transaction to acquire the land was complex. First, according to Tempe-based Vizzda LLC real estate database, Walton Global Holdings paid $8.7 million in cash in mid-December to HBE Farms LLC, an entity tracing to Rudolph Ramsey Echeverria for 111.3 acres at the southeast corner of Murphy and Farrell roads in Maricopa.

Read the full subscription story from the Phoenix Business Journal.

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