March 21, 2025 6:32 am
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Builder nabs parcel in Scottsdale hot spot

Photo via Toll Brothers

By Angela Gonzales | Phoenix Business Journal

Fort Washington, Pennsylvania-based Toll Brothers Inc. (NYSE: TOL) plopped down $28 million for an 11.27-acre parcel of vacant land in north Scottsdale, on which it intends to build a luxury townhome community.

The parcel is within Nationwide Realty Investors’ Cavasson mixed-use project at the northeast corner of Miller Road and Cavasson Boulevard. The transaction equates to $2.5 million per acre, according to Tempe-based Vizzda LLC real estate database.

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.