SunCal Sells Residential Lots to KB Home Valued in Excess of $20 Million

SANTA CLARITA VALLEY, Calif., Sept. 27 /PRNewswire/ -- SunCal, the leading private real-estate developer in the western U.S., has concluded the sale to KB Home of 224 residential lots at the Plum Canyon master-planned community in the Santa Clarita Valley.  The transaction, valued in excess of $20 million, completes the sale of the remaining inventory of lots at the 215-acre development.

"We're very pleased to complete the sale of all the remaining lots at Plum Canyon," said David Soyka, Senior Vice President of Public Affairs for SunCal. "This development is in a beautiful location, it has a superb land plan and there is demand for high-quality lots in unique communities."

Plum Canyon is nestled in the hills in the Saugus area of Los Angeles County, and is located just south of Plum Canyon Road and east of Bouquet Canyon Road in the Santa Clarita Valley.  This well-designed residential development offers a total of 496 residential lots ranging from detached condominiums to spacious single-family homes.  Completed homes sit on the initial 272 residential lots.

SunCal acquires, entitles and develops major residential properties and commercial developments.  The company specializes in creating distinctive master-planned and mixed-use communities that emphasize quality of life, environmental sensitivity and recreational opportunities.  SunCal is the largest privately held developer in the western U.S. 

SOURCE SunCal

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