Shopoff Sells First Phase of Desert Moon Estates
Forestar Real Estate Group purchased the first phase, which includes 254 lots in Buckeye.
Shopoff acquired Desert Moon Estates in 2009, and created value by re-engineering the site to provide improved lot segmentation and to reduce costs to finish the lots with value engineering. It is approved for more than 700 homes.
Greg Vogel and Ryan Semro from Land Advisors in Phoenix marketed the property and were the brokers for the transaction.