The 85-acre Paradise Ranch, tucked in between the Hillcrest and Oak Tree Estates/Downs communities off Canyon Hills Road north of Carbon Canyon Road in the Chino Hills portion of Carbon Canyon and which is slated for the development of 50 houses with 50 acres of open space, has been sold.
True Life Companies and its trio of subsidiaries, based in Denver and with a local office in Newport Beach, exists to invest in properties, including shepherding a project through the required permitting and approval process and then sell or assign them them when they are "shovel ready" to a homebuilder.
In this case, the buyer is Trumark Properties, which operates in California and Colorado, including several current projects in Riverside, Mission Viejo, Covina and other locales in our region. No information was given as to the amount transacted, but the announcement states that construction is expected to begin in 2025.
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