November 17, 2024 11:03 pm
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Howard Hughes signs first homebuilders for huge Buckeye master plan 

(Disclosure: Rose Law Group represents Lennar.)

By Angela Gonzales | Phoenix Business Journal

Howard Hughes Holdings Inc. has closed on the sale of 365 lots in Buckeye with the first homebuilders to build at Teravalis, its 37,000-acre master-planned community in the West Valley city.

KB Home (NYSE: KBH) paid $2.4 million for 106 platted and engineered lots; AGWIP Asset Management paid $2.3 million for 105 platted and engineered lots on behalf of Lennar Corp. (NYSE: LEN); Brightland Homes paid $1.9 million for 87 platted and engineered lots; and Courtland Communities paid $7.4 million for 67 finished lots, according to Tempe-based real estate database Vizzda LLC.

Read the full subscription story from the Phoenix Business Journal.

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