Profitable Land Sales in Irvine’s Great Park Neighborhoods
February 3, 2025 - 00:06
FivePoint Holdings has reported a significant financial achievement with the recent sale of 372 homesites located on 32.2 acres within the expansive Great Park Neighborhoods in Irvine. The master developer successfully closed the deal for an impressive total of $309.3 million. This transaction highlights the ongoing demand for residential properties in the area, which was formerly the site of the El Toro Marine base.
The Great Park Neighborhoods have become a focal point for real estate development, attracting buyers and investors alike. The sale underscores the strategic positioning of the land and the potential for continued growth in the region. As urban development progresses, FivePoint Holdings is poised to capitalize on the increasing interest in housing solutions that meet the needs of a growing population. This latest sale not only reflects the company's robust business model but also reinforces the attractiveness of Irvine as a prime location for real estate investment.
MORE NEWS
October 21, 2025 - 12:36
Worcester's Alta on the Row Changes Hands for $157 MillionAlta on the Row, a modern 370-unit apartment community completed in Worcester in 2024, has been sold for an impressive $157 million. The acquisition was made by a Boston-based investment group,...
October 20, 2025 - 21:39
Revitalization Efforts Underway for Historic San Jose PropertyThe owners of a blighted building in downtown San Jose have initiated a significant cleanup of the historic property, marking the beginning of a revitalization effort aimed at restoring its former...
October 20, 2025 - 03:56
Signs of Recovery in Hyderabad's Real Estate MarketHyderabad’s real estate market is slowly emerging from a prolonged slump, showing subtle signs of recovery, though without any dramatic surges. Recent trends indicate an uptick in property...
October 19, 2025 - 19:37
Recent Real Estate Transactions in Macomb County (May 5-9, 2025)During the week of May 5 to May 9, 2025, Macomb County witnessed a series of notable real estate transfers that reflect the ongoing dynamics of the local housing market. A variety of residential...