Whittlesey Doyle Negotiates the Sale of 335 Acres of Land and 1,500+ Lots/Homes in Southern California for $39 Million in 8 Transactions (2010-11-02)
In the last 60 days, Whittlesey Doyle has negotiated the sale of eight separate land transactions located throughout Southern California totaling approximately 335 acres, encompassing over 1,500 lots and units, for a total consideration of more than $39 million. At one end of the spectrum, Whittlesey Doyle sold a graded super pad site in Temecula to a builder for a project that will open for sales next year, and, at the other end, a raw un-entitled land site sold to an investor doing an assemblage in the Banning market. Land values have reset to 2003/2004 levels and builders who stopped buying land two to three years ago, are now entering the market to refill their land positions.
