(Disclosure: Rose Law Group represents Lennar and Vestar.)
By Hailey Mensik | Phoenix Business Journal
The Desert Ridge area north of Paradise Valley has turned into a hot spot for developers wanting to scoop up prime state-owned land in recent years.
One of the highest-priced state land auctions last year happened when Mortenson outbid Verde Investments for over 200 acres in the area, spending $136 million for a site now planned to become a new Arizona Cardinals training campus.


