Comments on: Developer Buys 1,010 Acres in Pinal County http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/ Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Sat, 21 Nov 2009 14:25:35 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: 12/19/06: The Real Estate Countdown at Derek Burress http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/#comment-11590 12/19/06: The Real Estate Countdown at Derek Burress Tue, 19 Dec 2006 05:36:55 +0000 http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/215#comment-11590 [...] That’s 43-acres of land at a total of $510 million. I though our good friend Jay Thompson was up to something when he posted an article on his blog where a real estate developer in Pinal County, Arizona had purchased 1,010 acres (nearly 58K/acre) for a total of $58.6 million dollars which according to Jay could be worth as much as $10,208,000,000 but after reading how much the Ocean Land Investment Group paid for that 43 acre mobile home park, I can only wonder how much the developer is hoping to get out of that little park. [...] [...] That’s 43-acres of land at a total of $510 million. I though our good friend Jay Thompson was up to something when he posted an article on his blog where a real estate developer in Pinal County, Arizona had purchased 1,010 acres (nearly 58K/acre) for a total of $58.6 million dollars which according to Jay could be worth as much as $10,208,000,000 but after reading how much the Ocean Land Investment Group paid for that 43 acre mobile home park, I can only wonder how much the developer is hoping to get out of that little park. [...]

]]> By: Greg Swann http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/#comment-11531 Greg Swann Sat, 09 Dec 2006 01:22:53 +0000 http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/215#comment-11531 I won't drive to Wickenburg. I won't drive to Apache Junction (that could change). I've worked in Queen Creek (never again!). I know I have a future in Buckeye. But everywhere I go in this Valley, constuction is ongoing. Rhodes is building 100,000 houses in Mohave County -- not counting all the work they're doing in Nevada. The short-term will be what it is. The long-term is growth. I won’t drive to Wickenburg. I won’t drive to Apache Junction (that could change). I’ve worked in Queen Creek (never again!). I know I have a future in Buckeye. But everywhere I go in this Valley, constuction is ongoing. Rhodes is building 100,000 houses in Mohave County — not counting all the work they’re doing in Nevada. The short-term will be what it is. The long-term is growth.

]]> By: Jeff Brown http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/#comment-11530 Jeff Brown Sat, 09 Dec 2006 01:01:04 +0000 http://www.phoenixrealestateguy.com/developer-buys-1010-acres-in-pinal-county/215#comment-11530 But Jay, how could this developer possibly do this, when it's as obvious as the nose on your face prices are about to crash? I guess they'll just have to learn the hard way. But Jay, how could this developer possibly do this, when it’s as obvious as the nose on your face prices are about to crash?

I guess they’ll just have to learn the hard way.

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