City of Industry Offers $100 million for Tres Hermanos Ranch

The City of Industry plans to offer $100 million for 2,500 acres of rolling hills and sprawling pastures between Diamond Bar and Chino Hills, with officials saying they want to protect the land from developers while providing few details about their own plans for the property.

The massive offer to buy the Tres Hermanos Ranch would be impossible for other municipalities in Southern California.

Read More

Previous San Juan Capistrano's Oaks Farms Honored as Nation's Best New Community
Next This Forecast isn't Pretty for Southern California Home Prices

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

Storm Properties Picks Up Property in Harbor City

Storm Properties recently purchased unentitled property from the International Church of the Foursquare Gospel in Harbor City within the South Bay area of Los Angeles. Storm intends on entitling the

Land/Projects

Escondido Commission OKs Major Housing Development

A proposal to build 380 homes on the grounds of the former Escondido Country Club moved forward.

Deals

Lennar to Build 124 Homes in the Phillips Ranch area of Pomona

Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The