Lennar snags lots near TSMC; Jordan Rose, founder and president of Rose Law Group, comments in Business Journal

(Disclosure: Rose Law Group represents the seller.)

By Angela Gonzales | Phoenix Business Journal

One of the nation’s largest homebuilders has secured 444 lots near the Taiwan Semiconductor Manufacturing Co.’s $265 billion development in north Phoenix.

AGWIP Asset Management, land banker for Miami-based Lennar Corp. (NYSE: LEN), plopped down $60.14 million in cash for the land spanning 132.24 acres near 117th Avenue and the Deer Valley Road alignment on Maricopa County land, according to Tempe-based real estate database Vizzda LLC.

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Jordan R. Rose, partner with Rose Law Group PC, represents the seller as zoning attorney.

“This is the growth area in the Valley right now,” said Rose, whose law firm handled the transaction. “You could not get a better piece of dirt.”