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.

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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.

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Mid-Year Update

As we enter the second half of 2014, a sense of uncertainty seems to have set into the Southern California land markets. Through 2012 and most of 2013, during the