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San Diego developer pays $26.5 million for state trust land near Turf Paradise
Photo by: Phoenix Business Journal

A San Diego-based developer bought 93 acres of state trust land near north Phoenix horse racing track Turf Paradise for $26.5 million. The parcel, near 19th Avenue and Bell Road, was purchased by Sunbelt Investment Holdings Inc., which owns several large, vacant parcels in Arizona, as well as two shopping centers in the state. Angie Holdsworth, a spokeswoman for the city of Phoenix's Planning and...

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