El Mirage to Get First New Home Development in Years

Phoenix Business Journal   |   Angela Gonzales

Posted In — News & Press | In the News

Two land deals recently closed in and around El Mirage that will bring more homes to an area of the West Valley that hasn’t seen much development in years.

Scottsdale-based Meritage Homes Corp. (NYSE: MTH) paid $5.45 million for a 24-acre parcel, while Phoenix-based NexMetro Communities paid $5.9 million for a 32-acre parcel, according to Vizzda LLC, a Tempe-based real estate database.

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