November 21, 2024 11:43 pm
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Here’s who won big bidding war for Peoria land

(Disclosure: Rose Law Group represented the landowner in the rezoning of Aloravita.)

By Angela Gonzales | Phoenix Business Journal

A state land auction bidding war with some of the nation’s largest homebuilders Wednesday netted $72.6 million for a 328-acre parcel in Peoria.

Georgia-based Ashton Woods teamed up with Lennar Corp. (NYSE: LEN) and Taylor Morrison Home Corp. (NYSE: TMHC) in a bid against PulteGroup Inc. (NYSE: PMH), Maracay Homes (NYSE: TPH) and Toll Brothers Inc. (NYSE: TOL).

Read the full subscription story from the Phoenix Business Journal.

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