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Texas Forestar Buys Land Position at Dove Mountain for $6.1 Million

Austin Texas-based Forestar Group Inc. (NYSE:FOR) purchased TLC Dove Mountain’s position in 88-finished lots at Boulder Bridge Pass in Dove Mountain for $6.1 million ($69,318 per lot) not the finished lot value. Miramonte Homes of Tucson retained builder option on the lots. This is Forestar’s second acquisition since March, when they bought 98-platted lots also …

Texas Forestar Buys Land Position at Dove Mountain for $6.1 Million Read More »

Texas Forestar picks Dove Mountain for entry into AZ for $5.9 Million

It was just a week or so ago, we were reporting on the perfect storm for homebuilders at Dove Mountain in Northwest Tucson, and now we have the highest land sale year-to-date to report from there. Texas-based, Forestar (USA) Real Estate Group (Bruce Dickson, chief real estate officer) closed on 98-platted lots at Boulder Bridge …

Texas Forestar picks Dove Mountain for entry into AZ for $5.9 Million Read More »

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