SCV News | Five Points Sells Nearly 500 New Homesites in Valencia
Five Point Holdings, LLC recently announced the sale of additional homesites at its Valencia community, previously known as Newhall Ranch, and the lineup of homebuilders for the first phase of the community. In the fourth quarter of 2020, Five Point Holdings sold 487 homesites for a gross purchase price of $115 million. Together with the sales completed since Q4 2019, the first phase will include 1,268 homesites in 18 neighborhoods, with homes ranging from 775 to 3,680 square feet in size that will serve a diverse pool of buyers. The builders in the first phase of Valencia are KB Home, Lenna...