By Angela Gonzales | Phoenix Business Journal
Richmond American Homes of Arizona Inc. plopped down $28.64 million in cash to buy land that was once home to a golf course in Glendale.
Selling the land, according to Tempe-based real estate database Vizzda LLC, was Towne Development Inc., which paid $6.5 million to the city of Glendale in 2019 after the city shuttered the Glen Lakes Golf Course — despite a group of petitioners fighting to save the golf course.
Scottsdale-based brokerage Nathan & Associates Inc. had represented the city in that 36-acre transaction, and also represented the buyer and seller in this most recent transaction that closed April 11.
The brokers involved in the deal include Nate Nathan, Courtney Buck, Dan Baldwin and Ryan Duncan.
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