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  • Moneysupermarket shares plunge as investors told not to expect growth 
    
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NORTHEAST PHOENIX - Another parcel of land in the Desert Ridge area likely will be sold at auction today, but it could be years before the master-planned community is complete. The sale is for a 26-acre block of land zoned for “high density residential,” and one applicant has come forward. The parcel is at the northeastern corner of 56th Street and Deer Valley Drive. The parcel is tucked in amid land owned by Pulte Development and Toll Brothers, across the road from the Toscana development and cater-corner from the City North property. It is zoned for high-density residential, that is, apartments, condominiums and possibly townhomes. The Arizona State Land Department will auction the land at 10 a.m. Appraised value is $20.5 million, or almost $800,000 an acre.  More…

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