PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Monaghan Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Whittlesey Doyle Negotiates $30 Million in Land Sales Totaling 176 Acres, 800 Lots/Proposed Units - Whittlesey Doyle has completed the sale of 3 separate land transactions in the New Model Colony in Ontario, Calif., totaling approximately 176 acres, encompassing 800 proposed lots and units, for a total consideration of approximately $30 million
Whittlesey Doyle Negotiates $30 Million in Land Sales Totaling 176 Acres, 800 Lots/Proposed Units

 

NewswireToday - /newswire/ - Ontario, CA, United States, 2010/12/18 - Whittlesey Doyle has completed the sale of 3 separate land transactions in the New Model Colony in Ontario, Calif., totaling approximately 176 acres, encompassing 800 proposed lots and units, for a total consideration of approximately $30 million.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Whittlesey Doyle, a market leader in the land brokerage industry, announced today that Whittlesey Doyle has completed the sale of three separate land transactions in the master planned community New Model Colony in Ontario, Calif., totaling approximately 176 acres, encompassing 800 proposed lots and units, for a total consideration of approximately $30 million. Les Whittlesey, co-founder and principal of Whittlesey Doyle, had the exclusive listings on all three properties and represented both the sellers and buyers in the three transactions. The individual sale prices could not be disclosed.

"Reflecting what the market will bear, these three properties sold at a fair market value, and were not heavily discounted," said Whittlesey. "They illustrate that if a property is priced correctly, it will sell in today’s market."

The New Model Colony (NMC) is a key component of Ontario's long-term growth, and includes 8,200 acres of former dairy lands annexed by the City of Ontario in 1999, and approved as a master planned community that will be built out over the next 20-plus years. The NMC is bounded by Riverside Drive to the north, Milliken Avenue and Hamner Avenue to the east, the Riverside County line and Merrill Avenue to the south, and Euclid Avenue to the west. About 120,000 new residents are expected to move to the area in the coming decades.

"The recent sales represent the most acres sold this year in the New Model Colony. These buyers realized that the New Model Colony is poised for growth due to its proximity to jobs, shopping, entertainment and transportation including the Ontario International Airport, and the ability to offer housing to accommodate future demand in the Inland Empire," Whittlesey noted. "This new generation of homebuyers wants to live, work, shop and play all in the same area and the New Model Colony offers these great amenities."

Whittlesey negotiated the sale of two properties, which are located in the Esperanza Specific Plan in the NMC, adjacent to the San Bernardino and Riverside County boundary line. The sites are approximately 2 miles south of State Highway 60 and approximately one-half mile west of Interstate 15, located at the northwest corner of Bellgrave and Milliken Avenue (also known as Hamner Avenue).

In the southeastern portion of the Esperanza Specific Plan, Whittlesey negotiated the sale of roughly 64 unimproved residential acres. The property currently has a Specific Plan and approved Tract Maps for 371 units. There is also a Development Agreement approved and signed. The seller was Amberhill Development. The buyer was Genstar/GDC Communities and RCCD.

In the southwestern portion of the Esperanza Specific Plan, Whittlesey negotiated the REO sale of 74 unimproved residential acres. The property, which is situated between the Cantu-Galleano Ranch Road and Limonite Avenue off-ramps on Interstate 15, has approved Tract Maps for 289 units and 10 acres for a future school site. The seller was US Bank. The buyer was Genstar/GDC Communities.

In the West Haven Specific Plan in the NMC, Whittlesey negotiated the REO sale of 38 unimproved residential acres located at the northeast corner of Turner and future Schaefer Avenue. The site is approximately 1 mile south of the 60 Freeway and approximately 1 1/2 miles west of Interstate 15, and is located between the Archibald and Haven Street off-ramps off of the 60 Freeway. The property currently has a completed Specific Plan, and a Tentative Tract Map for 143 units. The property is adjacent to existing residential housing on the north and west sides of the property. The properties to the west and north are part of the Archibald Ranch Specific Plan, which is completely built-out and the homes are occupied. The seller was US Bank. The buyer was CV Communities.

Whittlesey reported the buyers plan to hold the properties for approximately three years before they move forward with their development plans.

Last month, Whittlesey Doyle announced that the firm had recently negotiated the sale of eight separate land transactions in Southern California totaling approximately 335 acres, encompassing over 1,500 lots and units, for a total consideration of more than $39 million.

"Since there has been no land development in the past several years, we see tremendous upside once the economy has stabilized and the foreclosure market dwindles," Whittlesey noted. "As sellers set their asking prices at today's values, well-located properties will sell quickly; a good reason to be a buyer today before prices start increasing again."

About Whittlesey Doyle
For more than a decade, Whittlesey Doyle (wdland.com) has been the leading brokerage company specializing in the sale of land for builders, developers, investors and landowners throughout Southern California. With extensive experience in selling distressed and REO properties, Whittlesey Doyle has provided countless builders, banks and lenders with insightful options as well as managed work-out strategies for complex real estate assets and large portfolios. Whittlesey Doyle’s ability to accurately match its clients' needs with outstanding market opportunities has led to billions of dollars in land sales. And, through this, Whittlesey Doyle has created long-term partnerships with its clients who have come to know Whittlesey Doyle for the hallmarks that distinctly separate the firm from its competition: market knowledge, vision, integrity and commitment. When Whittlesey Doyle sees land, Whittlesey Doyle sees opportunity. For more information on the company and its listed properties, see website.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Monaghan Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Whittlesey Doyle Negotiates $30 Million in Land Sales Totaling 176 Acres, 800 Lots/Proposed Units

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Anne Monaghan - MonaghanPR.com 
949.789.4555 anne[.]Monaghanpr.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Monaghan Communications securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Monaghan Communications / Company Profile


Read Real Estate/Property Management Most Recent Related Newswires:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Berkshire Hathaway HomeServices Nevada Properties Appoints New Las Vegas Branch Manager
Homenova, Inc. Launches A Website for Private Home Sales
Real Estate Executives Appointed to GLVAR Board in Nevada
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices Arizona Names New Manager
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Progressive Realtors Launches New Website to Connect Home Buyers & Sellers
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
17th Annual Kansas City Pagan Pride Day - Harvest Festival and Craft Faire on September 13th
Celebrity Staging Expert Announces Ask The Stagers Platform
Berkshire Hathaway HomeServices Arizona Properties Welcomes Hamlet Terry Team

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)