D.R. Horton buys Phoenix land for $80 million, plans luxury homes

A homebuilder has paid a record price for approximately 120 acres in northeast Phoenix. Only one home was on the nearly vacant swath of desert.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2019/03/28/d-r-horton-buys-ne-phoenix-land-80-million-plans-luxury-homes/3302275002/