Builder plans new 500-home community

By Angela Gonzales | Phoenix Business Journal

Los Angeles-based KB Home (NYSE: KBH) just closed on vacant land in Queen Creek with plans to build its own master-planned community with 500 homes.

To be called Olea Groves, the 115-acre community at the northeast corner of Meridian and Combs roads is across the street from the Queen Creek Olive Mill.

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