Florida developer wins state land auction as sole bidder
Orlando, Florida-based ZOM Living was the winning bidder at a Arizona State Land Department auction on June 26. The only bidder at the auction, ZOM Living scooped up more than 54 acres at the northwest corner of 56th Street and Loop 101.Nicholas Rahman, senior development manager of the Arizona market for ZOM Living, raised his paddle once when the $6.62 million minimum bid was announced, securing the land for that amount.Rahman declined comment after the auction, but the company issued a statement that hinted at developing apartment units on the property…