SOLD! California developer secures prime Scottsdale parcel

By Angela Gonzales | Phoenix Business Journal

After winning a 20-acre parcel in an Arizona State Land Department auction for $28.07 million in March 2023, Legacy 76 LLC just sold it to The Dinerstein Cos. for $38.5 million.

Michael Lieb, managing partner of Legacy 76 LLC, said California-based Dinerstein plans to build 443 multifamily units on that parcel, which will include 335 apartment units and 108 townhomes.

Read the full subscription story from the Phoenix Business Journal.

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