FULSHEAR, TX-Weyerhaeuser Co. has sold a 3,200-acremaster-planned community called Cross Creek Ranch for $125 millionto a venture headed by Tricon Capital Group Inc. The master-plannedcommunity is situated in Fulshear.
Weyerhaeuser has sold nearly 600 homes since 2008. The3,200-acre land includes 4,463 raw lots, 295 partially finishedlots and 131 fully finished lots. Tricon joined with Houston-basedJohnson Development Corp. and an unidentified Canadian institutionto purchase Cross Creek Ranch. For the full story, go toWall Street Journal .
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