TAVA Development of Irvine has purchased the last remaining non-estate-type lots at Sycamore Highlands for $1.8 million from Wells Fargo Bank.
The 56 lots bought by TAVA Development, combined with an acquisition of 59 estate lots by Van Daele Development, marks the closing of sales activity for Sycamore Highlands, which is about seven miles northwest of Moreno Valley Ranch in the Inland Empire.
Van Daele purchased its lots, mostly a half-acre to full acre in size, for $4.2 million.
Homes at the 115-lot development are expected to become available in April.
Whittlesey Doyle Inc. of Irvine brokered both deals.
