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LOS ANGELES—Storm Properties has purchased a 3.4-acre parcel of unentitled land in Van Nuys, from the Church of the Foursquare Gospel. The developer plans to build a community of 58 detached homes on the site. Although the entitlement process will take 12 to 18 months, the developer expects to break ground before the end of the year and deliver the homes in mid 2017. The purchase price for the land site was not disclosed.


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