Saturday, March 03, 2018 3:04:44 PM
Buyer is identified only as a prominent local investor.
Citrus Ranch, an approved master-planned golf course community in Indio, California, has been sold by Saxony Land Company to a buyer identified only as "a prominent local investor in the Coachella Valley, according to Land Advisors Organization of Irvine, which represented the seller and announced the deal.
The Citrus Ranch community will feature approximately 3,053 residential units that will range in density from 2.5 du/ac to 15 du/ac. Citrus Ranch will offer segmented products along with luxury amenities like a community pool/spa, clubhouse, parks, and a golf course. The community also will contain an 18-hole, 7,100 yard, par 72 golf course that will provide spectacular views of the surrounding communities and take advantage of the natural topography.
David Landes, a vp at Land Advisors, said, “The new owners of Citrus Ranch recognized the value of the previous approved Specific Plan. They plan to add value through various innovative new land uses and plans.”
Riverside County’s population is expected to increase by 1.2% each year until 2022, ultimately confirming the already optimistic vision of many home builders looking to expand into the county.
The Coachella Team of Land Advisors Organization will be coming to market soon with two additional masterplans: Escena in Palm Springs and Shadow View in Coachella. (Builder Magazine, Feb. 2018)
Comment: Too bad PHM didn't buy this land. I think golf developments are not the way to go, perhaps that's why PHM didn't buy it. I was thinking PHM could divest the golf portion or change the master plan and take out the golf making it something else instead like a man-made lake. It would be nice to see PHM focus more on Southern California.
Recent PHM News
- PulteGroup, Inc. Reports First Quarter 2024 Financial Results • Business Wire • 04/23/2024 10:30:00 AM
- Del Webb Announces Noblesville Community in Central Indiana • Business Wire • 04/22/2024 07:16:00 PM
- Del Webb Announces Newest Indianapolis-Area Community • Business Wire • 04/15/2024 12:44:00 PM
- PulteGroup Names Brian Fogarty Colorado Division President • Business Wire • 04/12/2024 01:37:00 PM
- Del Webb Announces Newest North Dallas Community • Business Wire • 04/11/2024 03:15:00 PM
- Pulte Homes Announces New Boston-Area Community • Business Wire • 04/09/2024 07:31:00 PM
- PulteGroup Again Named to the Fortune 100 Best Companies to Work For® List • Business Wire • 04/04/2024 02:31:00 PM
- PulteGroup Design Team Reveals Top Home Trends for 2024 • Business Wire • 03/13/2024 03:47:00 PM
- PulteGroup Nominates Kristen Actis-Grande for Election to Board of Directors • Business Wire • 03/08/2024 10:00:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 03/08/2024 09:47:21 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 03/07/2024 05:29:51 PM
- Pulte Homes Unveils Latest Addition of Boston-Area Residences • Business Wire • 03/06/2024 09:36:00 PM
- PulteGroup Electrifies Home Building with New SPAN Partnership • Business Wire • 02/28/2024 02:00:00 PM
- The Miller Law Firm, P.C. Investigates Claims on Behalf of Investors of PulteGroup, Inc. Relating to Alleged Attempts to Suppress Negative Media Reports. • PR Newswire (US) • 02/28/2024 01:00:00 PM
- Pulte and TechSee Win Silver in the 13th Annual Best in Biz Awards 2023 • PR Newswire (US) • 02/27/2024 02:30:00 PM
- PulteGroup’s First Quarter 2024 Earnings Release and Webcast Conference Call Scheduled for April 23, 2024 • Business Wire • 02/27/2024 01:00:00 PM
- Pulte Homes Unveils Latest Addition of Boston-Area Residences • Business Wire • 02/15/2024 05:18:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:15:12 PM
- Del Webb Greenville Introduces 55+ Amenity-Rich Lifestyle to Upstate • Business Wire • 02/08/2024 03:58:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:26:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:24:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:22:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/06/2024 09:19:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/06/2024 06:01:06 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM