IRVINE, CA—Whittlesey Doyle, a market leader in the land brokerage industry, has inked an off-market sale of Toscana, a 960-acre master planned community located south of the City of Corona in Riverside County.
Founder Tom Doyle represented the buyer, Foremost Communities, Inc. of Irvine, Calif., and the seller, Sunny Sage, LLC of Temecula. The purchase price was not be disclosed. The sale of the 960 acres represents the largest land sale in the Inland Empire in the last seven years.
“The seller of Toscana has been processing the entitlements for the project for ten years and recognized this was an ideal time to sell,” Doyle said. “Foremost Communities has been one of the most active buyers of land in Southern California and identified the lift in the market that began in 2012. With the acquisition of Toscana, Foremost will be ideally positioned in the market with one of the largest and most attractive planned communities to be developed in the inland empire.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
