Pinnacle Communities has purchased 49 lots in the Woodridge masterplanned community in Thousand Oaks for $3.8 million from Shea Homes. Pinnacle also acquired an option to purchase another 43 lots in the community.
Newport Beach-based TMC America LLC provided financing in the deal.
Pinnacle soon will begin construction of its project, The Heights, with the model grand opening scheduled for the first quarter. The company plans to build 3,500- to 4,500-square-foot homes.
,Nidal M. Ibrahim
