Scottsdale-based Meritage bought 433 finished lots and 885 planned lots in the adult community of Province in the town of Maricopa, Arizona. The previous developer, Engle Homes, has been in Chapter 11 bankruptcy. Terms were not disclosed.

October 6, 2009 by
 
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John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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