
Lennar buys 80-acre parcel in Phoenix for $32M
Miami-based homebuilding giant Lennar Corp. won a Arizona State Land Department auction, securing an 80-acre infill land parcel for $32.3 million on Jan. 3. The auction, which began with a minimum bid of $15.7 million, saw Lennar outbid three competitors, including Evergreen Development Co. and D.R. Horton Inc., with the final duel against Ashton Woods,…