145-ACRE PALM VALLEY PHASE IX SELLS FOR $3.9 MILLION
GOODYEAR, ARIZ. — The 145-acre master-planned community Palm Valley Phase IX, located west of the corner of Litchfield and Camelback roads in Goodyear, has sold for $3.9 million. The land is entitled for a 218-lot residential community, 20 industrial lots and 8.75 acres of high-density residential development. The seller, Phoenix-based Southwest Solar Technologies, was represented by Jason Hyams, Dave Headstream and Mike Ratliff of CB Richard Ellis' Phoenix office. The buyer, New York City-based Crown West Realty, a joint venture of New York City-based Petrus Partners Ltd. and Scottsdale, Ariz.-based Voyager Investment Properties, did not utilize outside representation.