$33.7 Million Land Deal

A 480-acre vacant land parcel south of Interstate 10 near Jackrabbit Trail, was purchased by Miller Holdings for almost $33.7 million, or about $70,000 per-acre.

The development is called Henry Park and will include commercial and residential development.

Scottsdale based Weinstein & Harris has been hired to market the home sites to builders and expects lots by the end of the year.

Ground is expected to break on new homes in late 2007. More...

The southwest Valley market is on the upswing as land prices continue to surge.