Arizona State Trust Land in Desert Ridge Sold at Auction for $28.1 Million

Dec. 3, 2013- On Tuesday, Dec. 3, 2013, the Arizona State Land Department successfully auctioned 105.72 acres of State Trust land located on the¬†southwest corner of Tatum Boulevard and Pinnacle Peak Road in Phoenix. The minimum bid requirement was $26.7 million and the winning bid was $28.1 million. The successful bidder was the Taylor Morrison/Arizona…