Global Investment and Development (Aaron Rivani, Principal) has acquired a number of finished lots located in Cathedral City.  The seller in the deal was an LLC formed by Wessman-Gonzales (John Wessman, Mario Gonzales, Principals).  The project is known as Campanile, and the deal closed escrow on June 25, 2009 according to recorded information.

Global Investment has been an active player in the vulture market.  We previously reported Global’s acquisition of 95 acres located in the City of Palmdale, which was purchased from a consortium of banks.

Global can be reached at 213-365-0005.