Phoenix – The Valley real estate grapevine has been abuzz following the spirited bidding last Wednesday at a public auction held by the Arizona State Land Department that involved Phoenix Suns managing partner Robert Sarver and a company represented by Snell & Wilmer LLP attorney Nick Wood, who also happens to represent the Arizona Coyotes. While four entities presented the required cashier’s checks of $5,627 + million prior to the auction and were registered to bid, only the two companies actually bid on the 84.21-acre parcel located along the 202 Loop (Red Mountain Freeway) in Southeast Phoenix. Over the past two decades, the vacant tract has been considered as a potential development site for stadiums to be used for professional football and baseball.



