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04/21/07
Record $149 million paid for Desert Ridge site
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:22 pm

It took three tries, but a large swath of state-owned land in north Phoenix’s Desert Ridge finally sold at auction for a record $149.45 million. The sale not only is the highest price a developer has paid for a piece of Arizona land, it also is an indicator of where the Valley’s housing market may be headed.  More…

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