The Phoenix Business Journal reports that AV Homes Inc. is expanding into the Carolinas market with the purchase of a 650-unit active adult community in the planned 357-acre mixed-use development of Bethpage in Durham. In addition, the Scottsdale homebuilder announced the purchase of 86 home sites in the Cortessa master-planned community in metropolitan Phoenix.

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Learn more about markets featured in this article: Phoenix, AZ.