The Hoffman Company – one of California’s most established land brokerage firms – announced Thursday that it has closed the sale of the Faria Preserve property to Lafferty Communities, a private, family-owned developer, in one of the largest land transactions in the East Bay area in several years.
Faria Preserve is a roughly 440-acre property annexed in 2009 by the city of San Ramon, the heart of the East Bay real estate market. Construction is projected to commence in 2014, with the first model homes expected to be open by 2015.
