Taylor Morrison announced Wednesday the close of its sale to a partnership of investment funds for $955 million.

North American homebuilder Taylor Morrison is being sold to a private investment consortium for $955 million, top company officials said Thursday.

Homebuilder Taylor Morrison hopes a new partnership will segue into more home sales.

On the residential front, Taylor Morrison has announced its Odyssey Series of new homes at Shamrock Estates in Gilbert.

The developer of the Eastmark master-planned community in east Mesa has named seven homebuilders who will construct about 700 new houses next year in response to growing demand for housing in the Valley. Scottsdale-based DMB Associates anticipates the first homes will be available in mid-2013 as the first residential development takes shape on 3,200 acres it owns at the former General Motors Proving Grounds.

Lauren McCaleb of Chicago has been chosen as the 2011 Taylor Morrison Dream Home Giveaway winner, beating out more than 1.1 million entries to claim her $200,000 grand prize. And McCaleb plans to build that home at Adora Trails in Gilbert.

E.V. workers move ahead with promotions.

Red, white and blue balloon columns, with a black Mickey Mouse-shaped balloon at the top, flanked the driveway of Kristin and Geoff Pierce's new Gilbert home Tuesday.

Kristin and Geoffrey Pierce thought it was too good to be true when they got a phone call earlier this month saying they had won the Taylor Morrison Dream Home Giveaway.

Whether it was emotion, momentum or just plain talent, no one would have been surprised if either Highland or Gilbert won the state boys volleyball championship on Saturday night.

Six home builders are coming together to resurrect a master-planned community in south Gilbert that stalled during the recession.

A committee is recommending expanding Queen Creek’s downtown district and changing land use designations in some portions, including one change that would pave the way for the proposed Victoria Lund mixed-use project.

Three groups wanting to bring a housing development, a targeted adult community and a mixed-use project to Queen Creek have asked the Town Council to delay the preliminary vote on their projects.