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Nation’s largest homebuilder in escrow to buy key chunk of East Valley land

Miami-based Lennar Corp. (NYSE: LEN) is in escrow to buy one of the last remaining large parcels of land in Gilbert.

The deal to acquire 90 acres is expected to close within the next couple of weeks, said Ed Grant, executive vice president of Scottsdale Investment Management, who is selling the land to the nation’s largest homebuilder. Read more