FULSHEAR, TX-Weyerhaeuser Co. has sold a 3,200-acre master-planned community called Cross Creek Ranch for $125 million to a venture headed by Tricon Capital Group Inc. The master-planned community is situated in Fulshear.
Weyerhaeuser has sold nearly 600 homes since 2008. The 3,200-acre land includes 4,463 raw lots, 295 partially finished lots and 131 fully finished lots. Tricon joined with Houston-based Johnson Development Corp. and an unidentified Canadian institution to purchase Cross Creek Ranch. For the full story, go to Wall Street Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.