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Ellman
Cos. buys Fountain Hills land for $133M By
The Business Journal
The
Ellman
Cos. completed the acquisition of the 2,200-acre
Goldfield Preserve property, located just east of Fountain
Hills, for $133 million in cash.
The
transaction was brokered by Nate Nathan and Dave Mullard of Nathan
and Associates. Financing for this transaction was
provided by a consortium of Wall Street financial
institutions, led by Credit Suisse.
The
development company, headed by Steve Ellman, plans to develop
Goldfield Preserve into a high-end residential community.
Ellman
Cos. also is the developer of
Westgate
City
Center
adjacent to Glendale Arena.
For
more: www.ellmanco.com.
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