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CASA GRANDE, AZ-A development group from Las Vegas is finalizing plans for a $100-million-plus, mixed-use development to mark its inroad into the Valley. The group has paid $15 million for the 318-acre project site.

Casa Grande Land Investors LLC, under the leadership of Matthew Werner, Jim Meservey and Michael Park, got control of the southwest corner of Interstate 10 and Kortsen Road from Craig Ranch Golf Course LLC of Las Vegas. The new owner is working on a master plan for a 350-unit multifamily project, 500,000-sf power center and 800 single-family homes–with an estimated build-out value of more than $100 million.

Brent Moser, a senior associate for locally based Grubb & Ellis

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