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.
About author
You might also like
The Risks of Owning Land
The most alternative of asset classes, land provides opportunities to earn multiples on investment but can also become a completely illiquid anchor – sinking companies who hold too much of
Brandywine Breaks Ground in Carson
Local infill developer, Brandywine Homes, has broken ground on Brighton, a 60-unit single-family home development in Carson. The homes are expected to start at $500,000 and brings much needed new
OC Land Prices Continue to Climb
The high cost of land in Orange County continues to contribute to the housing affordability problems within the County. With a “finished lot” in the OC estimated at $575,000, land
