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Stock Market & Financial Investment News

News Breaks
March 24, 2014
08:35 EDTWLHWilliam Lyon Homes to acquire infill porfolio from City Ventures for $174.5M
William Lyon Homes has announced the execution of a definitive agreement to acquire an infill portfolio of residential land from City Ventures, LLC for an aggregate purchase price of approximately $174.5M. The acquisition includes approximately 540 lots in eight new home communities located in Orange and Los Angeles Counties in Southern California, and Santa Clara County in Northern California. The company believes these markets represent three of the most land constrained markets in the Western U.S. and also demonstrate strong homebuyer demand. The acquisition is expected to occur in phases beginning in the first quarter of 2014, subject to certain customary closing conditions.
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