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09/03/07
Date set for auction of trust land
Filed under: General, Real Estate
Posted by: Lillian Wong @ 6:37 pm

The Arizona State Land Department has set a Nov. 8 auction date for a key parcel that Westcor wants for its Palisene shopping center northwest of Scottsdale Road and Loop 101. An appraisal for the 112-acre site estimated its value at $32 million. But the winning bidder of a 99-year lease also must commit to spending $67 million for drainage, utility and road improvements.  More…

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