Lansing Companies, one of the West Coast's largest land development firms, has acquired two major assets from Lehman Brothers. Lansing Companies recently purchased both the Master Plan of Lerno and the specific planned community known as La Paloma, consisting of over 1,700 fully entitled lots and 1,100 residential lots, respectively. Both assets are located in Southern California.
Gregory P. Lansing, President and CEO of Lansing Companies, commented on the transactions, stating that he appreciated "the efforts by the Lehman executives to conclude a mutually satisfactory transaction in a timely manner."
The two projects will join more than 20,000 residential lots and over 30,000 acres in various stages of development already in the company portfolio. Speaking to the company's vast expertise given the diversity of current holdings, Lansing continued, "We at Lansing Companies strive to provide the best in land development services to all of our various partners and lenders."
Lansing Companies is a privately owned real estate investment and development company with over 30 years experience in land acquisition and development in California. Current projects include the 2,000 unit master planned community of Skyborne, located in the Coachella Valley, as well as a venture with Pulte Homes on their successful 2,600 unit Rancho Diamante DelWebb project, located in the City of Hemet. More information can be found online at www.lansingcompanies.com.
Contacts:
Lansing Companies
Liz Watkinson
858-523-0719
lwatkinson@lansingcompanies.com